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Labour Mobility, Pension Portability and the Lack of Lock-In Effects

Author

Listed:
  • Erik Hernaes

    (Ragnar Frisch Centre for Economic Research (Frisch), Oslo University and ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales)

  • John Piggott

    () (ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales)

  • Ola Lotherington Vestad

    (Ragnar Frisch Centre for Economic Research (Frisch), Oslo University)

  • Tao Zhang

    (Ragnar Frisch Centre for Economic Research (Frisch), Oslo University)

Abstract

This paper revisits the question of whether defined benefit pension plans inhibit labour mobility. Using national register data for three distinct periods, we define and calculate a measure of changes in individual pension entitlements which we term potential portability gain. Estimation results indicate that the effect of portability gains on the propensity to change jobs is either weak or non-existent, and there are no signs of gains or losses in pension entitlements being reflected in wages for job changes.

Suggested Citation

  • 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.
  • Handle: RePEc:asb:wpaper:201101
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    File URL: http://www.cepar.edu.au/media/48658/Labour%20Mobility%20Pension%20Port.pdf
    File Function: First version, 2011
    Download Restriction: no

    Citations

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    Cited by:

    1. Ashok Thomas & Luca Spataro, 2016. "The Effects Of Pension Funds On Markets Performance: A Review," Journal of Economic Surveys, Wiley Blackwell, vol. 30(1), pages 1-33, February.
    2. Ashok Thomas & Luca Spataro, 2013. "Pension funds and Market Efficiency: A review," Discussion Papers 2013/164, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    3. Vestad, Ola Lotherington, 2011. "Who pays for occupational pensions?," Memorandum 16/2011, Oslo University, Department of Economics.

    More about this item

    Keywords

    Labour market mobility; defined benefit occupational pensions; matched employer-employee register data;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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