The Implicit Pension Contract: Developments and New Directions

Richard A. Ippolito

Journal of Human Resources, 1987, vol. 22, issue 3, 441-467

Abstract: Pension economics has emerged as a separate literature over the past decade. Some of the early pension work was devoted to financial issues, including implications of pensions for savings rates and portfolio allocation. Most new developments, however, have stemmed from research surrounding labor markets. This research has led to an implicit contract theory of pensions, a theory that has pensions playing a more complicated role in worker-firm relation than heretofore realized. The theory explains much of economic behavior in labor markets, and bridges a gap between labor and financial literatures. This essay describes the genesis for these ideas and traces some of the most important research results in the area. An equal amount of spece is devoted to a consideration of likely directions for future research.

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.jstor.org/stable/pdfplus/145749
A subscription is required to access pdf files. Pay per article is available.

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:uwp:jhriss:v:22:y:1987:i:3:p:441-467

Access Statistics for this article

More articles in Journal of Human Resources from University of Wisconsin Press
Bibliographic data for series maintained by ().