Pensions and Wage Premia

Edward Montgomery and Kathryn Shaw

Economic Inquiry, 1997, vol. 35, issue 3, 510-22

Abstract: The authors hypothesize that the magnitude of the pension-wage compensating differential should vary by sector, because sectoral differences in firms' technologies results in cost differences in providing nonwage benefits. Using data from the Survey of Consumer Finances, they find that the pension-wage compensating differential is smaller in the union sector and large firms than in small, nonunion firms. Controls for sectoral selectivity do no alter the results. Thus, workers at unionized and large firms pay a lower implicit price for their pensions either because pensions have productivity-enhancing effects or because these firms pay workers economic rents via pensions. Copyright 1997 by Oxford University Press.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (14)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Pensions and Wage Premia (1992)
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:oup:ecinqu:v:35:y:1997:i:3:p:510-22

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Economic Inquiry is currently edited by Preston McAfee

More articles in Economic Inquiry from Western Economic Association International Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().