Labour Mobility, Pension Portability and the Lack of Lock-In Effects
Erik Hernaes (),
John Piggott (),
Ola Vestad () and
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Tao Zhang: Ragnar Frisch Centre for Economic Research (Frisch), Oslo University
No 201101, Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales
This paper revisits the question of whether defined benefit pension plans inhibit labour mobility. Using national register data for three distinct periods, we define and calculate a measure of changes in individual pension entitlements which we term potential portability gain. Estimation results indicate that the effect of portability gains on the propensity to change jobs is either weak or non-existent, and there are no signs of gains or losses in pension entitlements being reflected in wages for job changes.
Keywords: Labour market mobility; defined benefit occupational pensions; matched employer-employee register data (search for similar items in EconPapers)
JEL-codes: J26 J33 J62 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:asb:wpaper:201101
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