Occupational Pensions and Job Mobility in Britain: Estimation of a Random-Effects Competing Risks Model

Fabrizia Mealli () and Stephen Pudney

Journal of Applied Econometrics, 1996, vol. 11, issue 3, 293-320

Abstract: We analyse transitions between pensionable jobs, non-pensionable jobs, and other labour market states, using the 1988/9 UK Retirement Survey. We focus on the positive association between length of job tenure and pensionable status, allowing for the possibility that pension scheme members are less mobile than other workers because they have persistent unobserved characteristics that predispose them towards a high degree of security in both employment and retirement. We use a competing risks model with state-specific random effects. The model is estimated by simulated maximum likelihood. Copyright 1996 by John Wiley & Sons, Ltd.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (29)

Downloads: (external link)
http://links.jstor.org/sici?sici=0883-7252%2819960 ... 0.CO%3B2-D&origin=bc full text (application/pdf)
http://qed.econ.queensu.ca:80/jae/1996-v11.3/ Supporting data files and programs (text/html)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

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: https://EconPapers.repec.org/RePEc:jae:japmet:v:11:y:1996:i:3:p:293-320

Ordering information: This journal article can be ordered from
http://www3.intersci ... e.jsp?issn=0883-7252

Access Statistics for this article

Journal of Applied Econometrics is currently edited by M. Hashem Pesaran

More articles in Journal of Applied Econometrics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().