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The Role of Pensions in the Labor Market

  • Alan L. Gustman
  • Olivia S. Mitchell
  • Thomas L. Steinmeier

Employer-sponsored group pension plans offer an unusual window into long-term employment relationships. This is because the pension promise is documented in a set of explicit statements regarding future payment and employment agreements between workers and their employers. In this paper, we show that recent research on pensions in the labor market offers considerable insight into long-term labor market arrangements. Most importantly. we explore how pensions influence employee compensation. retirement, turnover, and other matters central to the determination of labors' price and quantity over time. A number of unanswered questions. and difficult-to-reconcile empirical findings, are also outlined.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 4295.

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Date of creation: Mar 1993
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Publication status: published as "The Role of Pensions In The Labor Market: A Survey of the Literature". Industrial and Labor Relations Review, vol. 47, no.3, April 1994
Handle: RePEc:nbr:nberwo:4295
Note: LS AG
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