TY  - JOUR
AU  - Gustman,Alan L.
AU  - Steinmeier,Thomas L.
TI  - Evaluating Pension Policies in a Model with Endogeous Contributions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3085
PY  - 1989
Y2  - August 1989
UR  - http://www.nber.org/papers/w3085
L1  - http://www.nber.org/papers/w3085.pdf
N1  - Author contact info:
Alan L. Gustman
Department of Economics
Dartmouth College
Hanover, NH  03755-3514
Tel: 603/646-2641
Fax: 603/646-2122
E-Mail: ALAN.L.GUSTMAN@DARTMOUTH.EDU
AB  - A model of the firm and its pension plan is used to simulate the first round effects of pension policies. Pension policies create an imbalance in the pension fund which affects the level of pension contributions and ultimately wages. Changes in the differential between compensation and productivity for individual workers alter the distributions of compensation and of incentives for retirement, mobility and effort. Policies investigated include those regulating vesting, pension calculations for early leavers, early retirees and late retirees, maximum service credits, liabilities at termination, and funding practices. 
ER  -