The Role of Pensions in the Labor Market: A Survey of The Literature

TitleThe Role of Pensions in the Labor Market: A Survey of The Literature
Publication TypeJournal Article
Year of Publication1994
AuthorsGustman, AL, Mitchell, OS, Steinmeier, TL
JournalIndustrial and Labor Relations Review
Volume47
Pagination417-438
Call Numberpubs_1994_Gustman_AIndLabRev.pdf
KeywordsEmployment and Labor Force, Pensions
Abstract

This review of recent research on pensions explores how pensions influence employee compensation, retirement, turnover, and other matters central to the determination of labor's price and quantity over time. The paper discusses the various reasons why employers offer pension plans, the benefits they get out of them, and the reasons why employees want them. The HRS is mentioned as a footnote to the explanation of the two primary types of benefit plans- - defined contribution (DC) and defined benefit (DB). HRS data indicates that among the 67 of workers who were covered by a pension, 43 were covered by a DB plan only, 29 by a DC plan only, and 26 had a combination of the two.

Endnote Keywords

Pension/Labor Supply

Endnote ID

8098

Citation Key6525