On The Sustainability of The UK State Pension System in The Light of Population Ageing and Declining Fertility  

Oleh:

Blake, David ; Mayhew, Les

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 116 no. 512 (2006), page F286-F305.
Topik: PENSION SYSTEM; pension system; population ageing; fertility
Fulltext: F286.pdf (318.94KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: Double, EE28.22 Non-tandon: 2 (dapat dipinjam: 0) Tandon: tidak ada

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To illustrate the wide applicability of longitudinal matched employer - employee data, we study the simultaneous determination of worker mobility and wage rates using an econometric model that allows for both individual and firm - level heterogeneity. The model is estimated using longitudinally linked employer – employee data from France. Structural results for mobility show remarkable heterogeneity with both positive and negative duration dependence present in a significant proportion of firms. The average structural returns to seniority are essentially zero, but this result masks enormous heterogeneity with positive seniority returns found in low starting - wage firms.

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