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The influence of pensions on job mobility

McCormick, Barry and Hughes, Gordon (1984) The influence of pensions on job mobility Journal of Public Economics, 23, (1-2), pp. 183-206. (doi:10.1016/0047-2727(84)90072-0).

Record type: Article


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


Local EPrints ID: 33018
PURE UUID: cc64e288-34fb-4058-9858-a5ce6dd93c45

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Date deposited: 12 Dec 2007
Last modified: 17 Jul 2017 15:54

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Author: Barry McCormick
Author: Gordon Hughes

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