The influence of pensions on job mobility
The influence of pensions on job mobility
In this paper we construct a model of the loss of firm-specific capital suffered by employees with occupational pensions who change job. The simplest loss function may be represented as the product of job tenure and years to retirement. Estimates of logit equations for individual job search in Great Britain suggest that the effect of pension status can be satisfactorily captured by this simple loss function. These equations and others for job turnover indicate that membership of an occupational pension scheme substantially reduces job mobility.
183-206
McCormick, Barry
6030c745-bb61-4e93-ab8f-91e676281e08
Hughes, Gordon
7b3e64a2-e1a7-4d6d-ac3c-b48a7d8b2fa5
February 1984
McCormick, Barry
6030c745-bb61-4e93-ab8f-91e676281e08
Hughes, Gordon
7b3e64a2-e1a7-4d6d-ac3c-b48a7d8b2fa5
McCormick, Barry and Hughes, Gordon
(1984)
The influence of pensions on job mobility.
Journal of Public Economics, 23 (1-2), .
(doi:10.1016/0047-2727(84)90072-0).
Abstract
In this paper we construct a model of the loss of firm-specific capital suffered by employees with occupational pensions who change job. The simplest loss function may be represented as the product of job tenure and years to retirement. Estimates of logit equations for individual job search in Great Britain suggest that the effect of pension status can be satisfactorily captured by this simple loss function. These equations and others for job turnover indicate that membership of an occupational pension scheme substantially reduces job mobility.
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Published date: February 1984
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Local EPrints ID: 33018
URI: http://eprints.soton.ac.uk/id/eprint/33018
PURE UUID: cc64e288-34fb-4058-9858-a5ce6dd93c45
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Date deposited: 12 Dec 2007
Last modified: 15 Mar 2024 07:41
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Author:
Gordon Hughes
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