Publication type
Research Paper
Series Number
04-37
Series
Universidad Carlos Iii de Madrid: Departamento de Economia: Economics Working Papers
Author
Publication date
July 1, 2004
Abstract:
Using data from the British Household Panel Survey we analyze the impact of second tier pension schemes on voluntary job mobility within a discrete time hazard rate modelling framework. We find that workers covered by occupational pension plans have significantly lower quit rates, independently of their participation decision. Contrary to common policy suggestions, pension portability losses are not important in explaining quits. However, when we account for occupational pensions' endogeneity through instrumental variables, we find that their negative impact on quit hazards is due to 'selection on unobservables'.
Subjects
Link
- http://ideas.repec.org/p/cte/werepe/we043713.html
Notes
working paper
#508068