Pensions, labor, and individual choice / edited by David A. Wise.

Format:

Book

Author/Creator:

Wise, David A., Author.

Contributor:

Wise, David A.

Series:

National Bureau of Economic Research project report.

National Bureau of Economic Research project report

Language:

English

Subjects (All):

Pensions--United States.

Pensions.

Pension trusts--United States.

Pension trusts.

Physical Description:

1 online resource (466 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 1985.

Language Note:

English

Summary:

In recent years a decline in the labor force participation of older workers has combined with rapid current and projected increases in the number of older Americans, producing major policy debates over looming "crises" in social security and, to a lesser extent, in the private pension system. That private system is playing an increasing role in the support of retired workers and promises to be the subject of increasing scrutiny by economists and policymakers alike. Previous books on private pensions have largely neglected behavioral implications of the features of pension plans. The papers in this volume, developed from material presented at a recent National Bureau of Economic Research conference, address two aspects of the relation between varieties of labor coverage and participation in the labor force. First, age at retirement may be correlated with kind of pension coverage. The papers, in fact, provide strong evidence that individual decisions about when to retire are directly influenced by pension options. Second, pension plans usually impose a high cost on workers who change jobs, which suggests that pension coverage reduces instances of job change. Pensions, Labor, and Individual Choice quantifies these correlations and proposes a conceptual framework within which to view them.

Contents:

Front matter

Contents

Acknowledgments

1. Overview

2. Pensions and the Labor Market: A Starting Point (The Mouse Can Roar)

3. Labor Compensation and the Structure of Private Pension Plans: Evidence for Contractual versus Spot Labor Markets

4. Unions, Pensions, and Union Pension Funds

5. Determinants of Pension Benefits

6. Social Security, Health Status, and Retirement

7. The Distributional Impact of Social Security

8. The Structure of Uncertainty and the Use of Nontransferable Pensions as a Mobility-Reduction Device

9. Incentive Effects of Pensions

10. Pensions and the Retirement Decision

11. Insurance Aspects of Pensions

12. The Riskiness of Private Pensions

13. The Relationship bet ween Wages and Benefits

14. The Federal Civil Service Retirement System: An Analysis of Its Financial Condition and Current Reform Proposals

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786611431174

9781281431172

1281431176

9780226903279

0226903273

OCLC:

476228894