What is a Public Sector Pension Worth?*

• 成果类型: Article
• 署名作者: Disney, Richard; Emmerson, Carl; Tetlow, Gemma
• 署名单位: University of Nottingham; University of London; University College London
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2009.02320.x
• 发表日期: 2009
• 页码: F517-F535
• 关键词: wage

摘要

We measure accruals in defined benefit (DB) pension plans for public and private sector workers in Britain, using typical differences in scheme rules and sector-specific lifetime age-wage profiles by sex and educational group. We show not just that coverage by DB pension plans is greater in the public sector but that median pension accruals as a percentage of salary are more than 6% higher among DB-covered public sector workers than covered private sector workers. This is largely driven by earlier normal pension (retirement) ages but also by differences in earnings profiles across the sectors.