Pensions and Labour Market Structure

Michael Beenstock ()

Oxford Economic Papers, 1987, vol. 39, issue 3, 568-76

Abstract: Employees' occupational pension contributions do not reflect the factors that determine their actuarial cost. Men and women, old and young, contribute at the same rate even though sex and age determine the actuarial cost of a pension. Wages reflect und erlying remuneration plus the actuarial value of the occupational pen sion. This paper discusses how a competitive labor market will "unbu ndle" these benefits through the establishment of wage relativities in terms of sex, age, etc. If these benefits are not "unbundled" th e occupational pension system distorts the labor market. The paper co ncludes with a comparable analysis of the state pension scheme. Copyright 1987 by Royal Economic Society.

Date: 1987
References: Add references at CitEc
Citations:

Downloads: (external link)
http://links.jstor.org/sici?sici=0030-7653%2819870 ... 0.CO%3B2-W&origin=bc full text (application/pdf)
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:oup:oxecpp:v:39:y:1987:i:3:p:568-76

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

Access Statistics for this article

Oxford Economic Papers is currently edited by James Forder and Francis J. Teal

More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().