PENSIONS AND WAGES - AN HEDONIC PRICE THEORY APPROACH

• 成果类型: Article
• 署名作者: MONTGOMERY, E; SHAW, K; BENEDICT, ME
• 署名单位: Carnegie Mellon University; University System of Ohio; Bowling Green State University
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.2307/2526986
• 发表日期: 1992
• 页码: 111-128
• 关键词: implicit markets

摘要

This paper examines whether a tradeoff exists between the level of pension benefits and wages. The 1983 Survey of Consumer Finances in used to match detailed information on pension plans to worker characteristics for a random sample of the population. The pension-wage tradeoff is estimated using both a contractual model of the labor market and the spot market model used in previous studies. The results indicate a large negative tradeoff in the contractual model but only a negligible tradeoff in the spot market model. Results from estimating the underlying structural equations for pensions are also presented.