How are pension integration and pension benefits related?
Pension integration is the ability to allow differentiated pension benefits across earnings groups. In the academic literature, it is often described as a way for firms to reduce pension benefits (and therefore costs). Justified by the requirement that firms pay half of Social Security payments, integrated pensions are typically found to reduce benefits for lower income workers. Data on retirees from the Health and Retirement Study, however, reveal a more complex picture where some individuals receive more benefits when one of their pension plans is integrated, ceteris paribus. Some reasons are discussed why this might be the case.
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- Barry T. Hirsch & David A. Macpherson & Melissa A. Hardy, 2000. "Occupational Age Structure and Access for Older Workers," ILR Review, Cornell University, ILR School, vol. 53(3), pages 401-418, April.
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National Bureau of Economic Research, Inc.
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- John S. Heywood & Lok-Sang Ho & Xiangdong Wei, 1999. "The Determinants of Hiring Older Workers: Evidence from Hong Kong," ILR Review, Cornell University, ILR School, vol. 52(3), pages 444-459, April.
- William E. Even & David A. MacPherson, 1996. "Employer Size and Labor Turnover: The Role of Pensions," ILR Review, Cornell University, ILR School, vol. 49(4), pages 707-728, July.
- Robert C. Merton & Zvi Bodie & Alan J. Marcus, 1984.
"Pension Plan Integration as Insurance Against Social Security Risk,"
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1370, National Bureau of Economic Research, Inc.
- Robert C. Merton & Zvi Bodie & Alan Marcus, 1987. "Pension Plan Integration As Insurance Against Social Security Risk," NBER Chapters, in: Issues in Pension Economics, pages 147-172 National Bureau of Economic Research, Inc.
- Heckman, James J, 1979.
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Econometric Society, vol. 47(1), pages 153-161, January.
- Joanne Salop & Steven Salop, 1976. "Self-Selection and Turnover in the Labor Market," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 619-627.
- Stuart Dorsey & Christopher Cornwell & David Macpherson, 1998. "Pensions and Productivity," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number pp.
- Joanne Salop & Steven C. Salop, 1976. "Self-selection and turnover in the labor market," Special Studies Papers 80, Board of Governors of the Federal Reserve System (U.S.).
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