What Do Employees Know About Their Pension Plan?

Industrial Relations, Vol. 39, Issue 4, October 2000

Posted: 21 Jul 2001

See all articles by Andrew A. Luchak

Andrew A. Luchak

University of Alberta - Department of Strategic Management and Organization

Morley Gunderson

University of Toronto - Department of Economics

Abstract

Original survey data based on 529 respondents in a large organization are used to analyze how much employees know about various features of their occupational pension plan. While the level of understanding was quite low among all employees, it was quite high among those for whom the knowledge matters most in terms of their behavioral decision making. Our results show that rather than being optimal labor contracts that workers enter into with full knowledge at the time of employment, pension contracts are more like contingent claims contracts evolving under conditions of uncertainty and incomplete information.

Suggested Citation

Luchak, Andrew A. and Gunderson, Morley, What Do Employees Know About Their Pension Plan?. Industrial Relations, Vol. 39, Issue 4, October 2000. Available at SSRN: https://ssrn.com/abstract=247476

Andrew A. Luchak (Contact Author)

University of Alberta - Department of Strategic Management and Organization ( email )

Edmonton, Alberta T6G 2R6
Canada

Morley Gunderson

University of Toronto - Department of Economics ( email )

150 St. George Street
Toronto, Ontario M5S 3G7
Canada
416-978-5398 (Phone)
416-978-5696 (Fax)

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