Who Pays for Occupational Pensions?

University of Oslo Department of Economics Memorandum No. 16/2011

42 Pages Posted: 20 May 2011

See all articles by Ola Lotherington Vestad

Ola Lotherington Vestad

Statistics Norway - Research Department; University of Chicago - Department of Economics

Date Written: April 19, 2011

Abstract

The purpose of this paper is to estimate wage effects of occupational pensions, exploiting the introduction of mandatory occupational pensions in Norway as a source of exogenous variation in pension coverage. Various difference-in-differences models are estimated on a large sample of Norwegian private sector firms. The results indicate that on average, less than half the costs of a minimum requirement occupational pension was shifted from firms to workers in terms of lower wages, and that there are important heterogeneities with respect to the influence of local unions and central negotiations on the wage setting in different industries.

Keywords: pension reform, mandatory occupational pensions, labour unions and centralised negotiations, matched employer-employee register data

JEL Classification: H22, J32, J38, J50

Suggested Citation

Vestad, Ola Lotherington, Who Pays for Occupational Pensions? (April 19, 2011). University of Oslo Department of Economics Memorandum No. 16/2011, Available at SSRN: https://ssrn.com/abstract=1845687 or http://dx.doi.org/10.2139/ssrn.1845687

Ola Lotherington Vestad (Contact Author)

Statistics Norway - Research Department ( email )

Kongens Gt. 6
PO Box 8131 Dep
N-0033 Oslo
Norway

University of Chicago - Department of Economics ( email )

1126 E. 59th St
Chicago, IL 60637
United States

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