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Pensions and Wages : An Hedonic Price Theory Approach
Oleh:
Shaw, Kathryn
;
Montgomery, Edward
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 1 (1992)
,
page 111-128.
Topik:
pensions
;
pensions
;
wages
;
hedonic price
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This paper examines whether a tradeoff exists between the level of pension benefits and wages. The 1983 Survey of Consumer Finances is used to match detailed information on pension plans to worker characteristics for a random sample of the population. The pension - wage tradeoff is estimated using both a contractual model of the labor market and the spot market model used in previous studies. The results indicate a large negative tradeoff in the contractual model but only a negligible tradeoff in the spot market model. Results from estimating the underlying structural equations for pensions are also presented.
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