Survivor's Pension Rights and Wages

Jan Selén and Ann-Charlotte Ståhlberg ()
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Jan Selén: Trade Union Institute for Economic Research (FIEF), Postal: Wallingatan 38, SE-111 24 Stockholm, SWEDEN
Ann-Charlotte Ståhlberg: Swedish Institute for Social Research, Stockholm University, Postal: SE-106 91 Stockholm, SWEDEN

No 5/2000, Working Paper Series from Stockholm University, Swedish Institute for Social Research

Abstract: Wages are not only money wages. For an employee, the wage consists of all the benefits that he or she is entitled to as a result of employment. His or her total remuneration for work is composed of money wages plus non-wage benefits such as earnings-related or employment-related insurance rights. In Europe, earnings-related insurance mainly takes the form of public and negotiated collective systems. Hence the individual value is hard to observe. This article is an original attempt to determine the individual value of certain public and negotiated insurance rights. A money value for earnings-related survivors' pension rights is estimated and added to the money wage to create an extended wage measure. We use Swedish micro data to analyse what the inclusion of different insurance rights might mean for wage differentials and wage dispersion. The study indicates that wage inequality is understated when non-wage benefits in the form of survivors' pension rights are excluded from the compensation measure and that a more complete picture of wage differentials is obtained when these rights are accounted for.

Keywords: non-wage benefits; wage inequality; earnings-related insurance rights; survivors' pension rights (search for similar items in EconPapers)
JEL-codes: J32 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2000-06-15
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:sofiwp:2000_005

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