Pension Portability and Labor Mobility: Evidence From the Survey of Income and Program Participation

Alan Gustman () and Thomas Steinmeier

No 3525, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The evidence presented in this paper casts doubt on the proposition that pension backloading is responsible for the low job mobility rates observed for pension covered workers. It corroborates earlier findings by the authors, based on different data, that pension covered jobs offer higher levels of compensation than workers can obtain elsewhere, and it is this compensation premium, rather than non-portability, that accounts for lower turnover among pension covered workers. This evidence is further bolstered by the finding that defined contribution plans, which are not backloaded, and defined benefit plans, bear similar negative relations to mobility.

Date: 1990-12
Note: LS
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Citations: View citations in EconPapers (7)

Published as Journal of Public Economics, vol 50, 1993, pp. 299-323

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Journal Article: Pension portability and labor mobility: Evidence from the survey of income and program participation (1993)
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