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Who pays for occupational pensions?

Author

Listed:
  • Vestad, Ola Lotherington

    (Ragnar Frisch Centre for Economic Research)

Abstract

The purpose of this paper is to estimate wage effects of occupational pensions, exploiting the introduction of mandatory occupational pensions in Norway as a source of exogenous variation in pension coverage. Various difference-in-differences models are estimated on a large sample of Norwegian private sector firms. The results indicate that on average, less than half the costs of a minimum requirement occupational pension was shifted from firms to workers in terms of lower wages, and that there are important heterogeneities with respect to the influence of local unions and central negotiations on the wage setting in different industries.

Suggested Citation

  • Vestad, Ola Lotherington, 2011. "Who pays for occupational pensions?," Memorandum 16/2011, Oslo University, Department of Economics.
    • Handle: RePEc:hhs:osloec:2011_016
    as

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    File URL: https://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/2011/Memo-16-2011.pdf
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    References listed on IDEAS

    as
    1. Erik Hernaes & John Piggott & Ola Lotherington Vestad & Tao Zhang, 2011. "Labour Mobility, Pension Portability and the Lack of Lock-In Effects," Working Papers 201101, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    2. Hernæs, Erik & Piggott, John & Zhang, Tao & Strøm, Steinar, 2011. "Occupational pensions, tenure, and taxes," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(3), pages 435-456, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    pension reform; mandatory occupational pensions; labour unions and centralised negotiations; matched employer-employee register data;
    All these keywords.

    JEL classification:

    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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