Pensions and the U.S. Labor Market
NBER Working Paper No. 3331
Pensions have played a key role in the transformation of the way workers are paid in the US labor market This paper reviews and synthesizes what is known about the form and function of employer-provided pensions, and identifies areas where further information is most needed. for increasing our understanding of behavior and for guiding the pension policies of the next decade. There are a number of studies which explore the tax advantages of pensions. the special value of pension annuities and related insurance, and the value of pensions to the firm in regulating retirement, mobility and productivity. This paper investigates whether available evidence is consistent with behavioral models, highlights remaining questions, and attempts to determine what types of data would be most helpful in furthering our understanding of pension plans in the labor market.
Document Object Identifier (DOI): 10.3386/w3331
Published: Zvi Bodie and Alicia Munnell, editors. Pensions and the Economy: Sources, Uses, and Limitations of Data, Philadelphia: University of Pennsylvania Press, Pension Research Council, Wharton School, University of Pennsylvania 1992, pp. 39-87