Abstract

https://ssrn.com/abstract=1791429
 


 



Labour Mobility, Pension Portability and the Lack of Lock-In Effects


Erik Hernæs


University of Oslo - Ragnar Frisch Centre for Economic Research

John Piggott


University of New South Wales (UNSW) - Australian School of Business, School of Economics

Ola Lotherington Vestad


Statistics Norway - Research Department; University of Oslo - Ragnar Frisch Centre for Economic Research

Tao Zhang


Ragnar Frisch Centre for Economic Research


UNSW Australian School of Business Research Paper No. 2011 AIPAR 01

Abstract:     
This paper revisits the question of whether defined benefit pension plans inhibit labour mobility. Using national register data for three distinct 3 year 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 changers. We conclude that potential portability gains or losses in occupational pensions are of negligible importance for labour market mobility.

Number of Pages in PDF File: 34

Keywords: labour market mobility, defined benefit occupational pensions, matched employer-employee register data

JEL Classification: J26, J33, J62


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Date posted: March 27, 2011  

Suggested Citation

Hernæs, Erik and Piggott, John and Vestad, Ola Lotherington and Zhang, Tao, Labour Mobility, Pension Portability and the Lack of Lock-In Effects. UNSW Australian School of Business Research Paper No. 2011 AIPAR 01. Available at SSRN: https://ssrn.com/abstract=1791429 or http://dx.doi.org/10.2139/ssrn.1791429

Contact Information

Erik Hernæs (Contact Author)
University of Oslo - Ragnar Frisch Centre for Economic Research ( email )
Gaustadalleen 21
N-0317 Oslo
Norway
John Piggott
University of New South Wales (UNSW) - Australian School of Business, School of Economics ( email )
High Street
Sydney, NSW 2052
Australia

Ola Lotherington Vestad
Statistics Norway - Research Department ( email )
Kongens Gt. 6
PO Box 8131 Dep
N-0033 Oslo
Norway
University of Oslo - Ragnar Frisch Centre for Economic Research ( email )
Gaustadalleen 21
N-0317 Oslo
Norway
HOME PAGE: http://olavestad.com/
Tao Zhang
Ragnar Frisch Centre for Economic Research ( email )
Gaustadalleen 21
N-0349 Oslo
Norway
+47-22958816 (Phone)
+47-22958825 (Fax)
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