Effects of Private Pension Plans on Labor Mobility
Author :
Publisher :
Page : 4 pages
File Size : 15,55 MB
Release : 1963
Category : Labor mobility
ISBN :
Author :
Publisher :
Page : 4 pages
File Size : 15,55 MB
Release : 1963
Category : Labor mobility
ISBN :
Author : United States. Bureau of Labor Statistics
Publisher :
Page : 92 pages
File Size : 17,24 MB
Release : 1964
Category : Labor mobility
ISBN :
Author : Richard Allen McGinnis
Publisher :
Page : 114 pages
File Size : 29,60 MB
Release : 1968
Category :
ISBN :
Author : Robert Taggart
Publisher :
Page : 138 pages
File Size : 24,65 MB
Release : 1973
Category : Age and employment
ISBN :
Author : Hugh Folk
Publisher :
Page : 50 pages
File Size : 47,22 MB
Release : 1963
Category : Age and employment
ISBN :
Author : Edward John Flanagan
Publisher :
Page : 220 pages
File Size : 49,78 MB
Release : 1969
Category : Labor mobility
ISBN :
Author : Laurence J. Kotlikoff
Publisher :
Page : 77 pages
File Size : 15,70 MB
Release : 2010
Category :
ISBN :
The proportion of workers covered by pensions has increased very substantially over the past two or three decades, and in particular the number of older workers with pensions continues to increase. During the same period,and especially in the past decade, the labor force participation of older workers has declined dramatically. These two trends may well be related. This paper examines the incentive effects of private pensions. We find that the provisions of pension plans provide very substantial incentives to terminate work at the current job after the age of early retirement and even greater incentives to leave after the age of normal retirement. It is not unusual for the reduction in pension 'benefit accrual after these retirement ages to equal the equivalent of a 30 percent reduction in wage earnings. In addition to a potentially large impact on labor force participation of older workers, pension plan provisions are likely to have important effects on labor mobility of younger workers.
Author : Izzet Sahin
Publisher : Praeger
Page : 144 pages
File Size : 10,56 MB
Release : 1989-08-09
Category : Business & Economics
ISBN :
The author presents a new approach to the study of private pensions in the united States and Canada. Whereas traditional approaches focus on the firm as the key to analyzing pension obligations and the impact of pensions on economic processes, Sahin takes the individual worker as the unit of analysis. The evolution of costs and benefits are then determined over the work life, which may include several jobs and membership in different pension plans. The Worklife Report Sahin presents a new approach to the study of private pensions in the United States and Canada. While traditional approaches focus on the firm as the key to analyzing pension obligations and the impact of pensions on economic processes, Sahin takes the individual worker as the unit of analysis. The evolution of costs and benefits are then determined over the work life, which may include several jobs and membership in different pension plans. Because the conventional approaches generally assume no job mobility and a single employer, Sahin demonstrates, they fail to adequately reflect the actual status of individual pension benefits, the effects of job mobility, and the unequal distribution of pension benefits to individuals with comparable working lives and wage profiles. To gain a clear view of private pensions and their impact on workers, employers, and public policy, Sahin shows that an analytical model that takes into account the interaction of job mobility, inflation, vesting rules, pension coverage, and portability must be employed. By taking the worker as the unit of analysis and emphasizing the dynamics of pension accumulation, Sahin is able to properly assess pension benefits from the perspective of the individual worker who needs to make rational job decisions, from the point of view of the employer concerned with the efficient and economical use of human resources, and from the public policy standpoint where the issue is the overall effectiveness of the private pension system. A pioneering contribution to the study of pension benefits, this volume will be of significant value to employee benefit specialists, policymakers, actuaries, and financial advisors.
Author : Laurence J. Kotlikoff
Publisher :
Page : 88 pages
File Size : 12,56 MB
Release : 1984
Category : Age and employment
ISBN :
The proportion of workers covered by pensions has increased very substantially over the past two or three decades, and in particular the number of older workers with pensions continues to increase. During the same period, and especially in the past decade, the labor force participation of older workers has declined dramatically. These two trends may well be related. This paper examines the incentive effects of private pensions. We find that the provisions of pension plans provide very substantial incentives to terminate work at the current job after the age of early retirement and even greater incentives to leave after the age of normal retirement. It is not unusual for the reduction in pension 'benefit accrual after these retirement ages to equal the equivalent of a 30 percent reduction in wage earnings. In addition to a potentially large impact on labor force participation of older workers, pension plan provisions are likely to have important effects on labor mobility of younger workers.
Author :
Publisher :
Page : pages
File Size : 23,79 MB
Release : 1964
Category :
ISBN :