Evaluating Pension Policies in a Model with Endogeous Contributions
A model of the firm and its pension plan is used to simulate the first round effects of pension policies. Pension policies create an imbalance in the pension fund which affects the level of pension contributions and ultimately wages. Changes in the differential between compensation and productivity for individual workers alter the distributions of compensation and of incentives for retirement, mobility and effort. Policies investigated include those regulating vesting, pension calculations for early leavers, early retirees and late retirees, maximum service credits, liabilities at termination, and funding practices.
|Date of creation:||Aug 1989|
|Date of revision:|
|Publication status:||published as Pension Incentives and Job Mobility. Kalamazoo, MI: Upjohn Institutefor Employment Research, 1995.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Laurence J. Kotlikoff & David A. Wise, 1984.
"The Incentive Effects of Private Pension Plans,"
NBER Working Papers
1510, National Bureau of Economic Research, Inc.
- Gustman, Alan L & Steinmeier, Thomas L, 1986.
"A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health,"
The Review of Economics and Statistics,
MIT Press, vol. 68(3), pages 509-13, August.
- Alan L. Gustman & Thomas L. Steinmeier, 1985. "A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health," NBER Working Papers 1585, National Bureau of Economic Research, Inc.
- Jeremy I. Bulow, 1982. "What are Corporate Pension Liabilities?," The Quarterly Journal of Economics, Oxford University Press, vol. 97(3), pages 435-452.
- Zvi Bodie & John B. Shoven, 1983. "Financial Aspects of the United States Pension System," NBER Books, National Bureau of Economic Research, Inc, number bodi83-1, September.
- Edward P. Lazear, 1982.
"Pensions as Severance Pay,"
NBER Working Papers
0944, National Bureau of Economic Research, Inc.
- Zvi Bodie & John B. Shoven & David A. Wise, 1987. "Issues in Pension Economics," NBER Books, National Bureau of Economic Research, Inc, number bodi87-1, September.
- Alan L. Gustman & Thomas L. Steinmeier, 1987. "Pensions, Efficiency Wages, and Job Mobility," NBER Working Papers 2426, National Bureau of Economic Research, Inc.
- Mitchell, Olivia S, 1988.
"Worker Knowledge of Pension Provisions,"
Journal of Labor Economics,
University of Chicago Press, vol. 6(1), pages 21-39, January.
- Laurence J. Kotlikoff & David A. Wise, 1987. "Pension Backloading, Wage Taxes, and Work Disincentives," NBER Working Papers 2463, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:3085. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.