Pension Choices and Job Mobility in the UK

Vincenzo Andrietti
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Vincenzo Andrietti: Universidad Carlos III de Madrid

No 6, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: Using data from the British Household Panel Survey we analyze the impact of second tier pension scheme choices on job mobility within a discrete time hazard rate framework. We find that workers either offered and participating or offered and not participating to an occupational pension plan have significantly lower quit rates. However, once the endogeneity of pension scheme status is accounted for through an instrumental variable procedure, these coefficients are no more significant. Alternatively, the effect of pension portability losses on quits' hazards is never significant. The additional finding that workers participating to occupational pension plans are significantly less likely to quit for a non pension job can be interpreted as indirect evidence that they are in "good" jobs.

Keywords: labour mobility; occupational pension plans; duration analysis instrumental variables (search for similar items in EconPapers)
JEL-codes: C41 J31 J32 J41 J63 J68 (search for similar items in EconPapers)
Date: 2003-06-04
New Economics Papers: this item is included in nep-lab
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