Worker Knowledge of Pension Provisions
This article evaluates the quality of workers' information regarding pension offerings using both administrative records and worker repor ts of pension provisions. Missing and incorrect information is widesp read. Unionized employees, higher income workers, better educated wor kers, and those with seniority are better informed about their pensio ns. There are also demographic differences: minorities have less pens ion knowledge than whites, but women are better informed than men alo ng several pension dimensions. Myopia about pension incentive structu res is troubling since workers may save or consume suboptimally, chan ge jobs, or retire earlier than they would have if equipped with bett er pension information. Copyright 1988 by University of Chicago Press.
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- Olivia S. Mitchell & Rebecca A. Luzadis, 1985. "Firm-Level Policy Toward Older Workers," NBER Working Papers 1579, National Bureau of Economic Research, Inc.
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"The Incentive Effects of Private Pension Plans,"
in: Issues in Pension Economics, pages 283-340
National Bureau of Economic Research, Inc.
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"Married Women's Retirement Behavior,"
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Springer, vol. 2(1), pages 39-53.
- Alan L. Gustman & Thomas L. Steinmeier, 1988. "An Analysis Of Pension Benefit Formulas, Pension Wealth And Incentives From Pensions," NBER Working Papers 2535, National Bureau of Economic Research, Inc.
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- Duncan, Greg J & Hill, Daniel H, 1985. "An Investigation of the Extent and Consequences of Measurement Error in Labor-Economic Survey Data," Journal of Labor Economics, University of Chicago Press, vol. 3(4), pages 508-32, October.
- Gary S. Fields & Olivia S. Mitchell, 1984. "Retirement, Pensions, and Social Security," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262060914, June.
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- Olivia S. Mitchell & Emily S. Andrews, 1981. "Scale economies in private multi-employer pension systems," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 34(4), pages 522-530, July.
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