What is a Public Sector Pension Worth?

Richard Disney, Carl Emmerson and Gemma Tetlow

Economic Journal, 2009, vol. 119, issue 541, pages F517-F535

Abstract: We measure accruals in defined benefit (DB) pension plans for public and private sector workers in Britain, using typical differences in scheme rules and sector-specific lifetime age-wage profiles by sex and educational group. We show not just that coverage by DB pension plans is greater in the public sector but that median pension accruals as a percentage of salary are more than 6% higher among DB-covered public sector workers than covered private sector workers. This is largely driven by earlier normal pension (retirement) ages but also by differences in earnings profiles across the sectors. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.

Date: 2009

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0297.2009.02320.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ecj:econjl:v:119:y:2009:i:541:p:f517-f535

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is edited by Antonio Ciccone, Leonardo Felli, Steve Machin, Andrew Scott, Steve Pischke and David Myatt

More articles in Economic Journal from Royal Economic Society
Contact information at EDIRC.
Series data maintained by Christopher F. Baum ().