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Stuart Dorsey - Pensions and Productivity

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title Pensions and Productivity author Dorsey Stuart Cornwell - photo 1

title:Pensions and Productivity
author:Dorsey, Stuart.; Cornwell, Christopher Mark.; Macpherson, David A.
publisher:Upjohn Institute
isbn10 | asin:0880991852
print isbn13:9780880991858
ebook isbn13:9780585277417
language:English
subjectPensions, Old age pensions, Pension trusts, Early retirement incentives, Labor productivity.
publication date:1998
lcc:HD7105.3.D67 1998eb
ddc:331.25/2
subject:Pensions, Old age pensions, Pension trusts, Early retirement incentives, Labor productivity.
Page i
Pensions and Productivity
Stuart Dorsey
Christopher Cornwell
David Macpherson
1998
Page ii Library of Congress Cataloging-in-Publication Data Dorsey - photo 2
Page ii
Library of Congress Cataloging-in-Publication Data
Dorsey, Stuart.
Pensions and productivity / Stuart Dorsey, Christopher Cornwell,
David Macpherson.
p. cm.
Includes bibliographical references and index.
ISBN 0880991860 (alk. paper).ISBN 0880991852
(pbk. : alk. paper)
1. Pensions. 2. Old age pensions. 3. Pension trusts. 4. Early
retirement incentives. 5. Labor productivity. I. Cornwell,
Christopher Mark. II. Macpherson, David A., 1960 . III. Title.
HD7105.3.D67 1998
331.25'2dc21 9817997
CIP
Copyright 1998
W. E. Upjohn Institute for Employment Research
300 S. Westnedge Avenue
Kalamazoo, Michigan 490074686
The facts presented in this study and the observations and viewpoints expressed are the sole responsibility of the authors. They do not necessarily represent positions of the W. E. Upjohn Institute for Employment Research.
Cover design by J. R. Underhill
Index prepared by Leoni Z. McVey.
Printed in the United States of America.
Page iii
Contents
Acknowledgments
vii
The Authors
viii
1
Pensions and the Labor Market
1
Picture 3
Introduction
1
Picture 4
Perspectives on Pensions
2
Picture 5
Demand-Side
2
Picture 6
Supply-Side
4
Picture 7
Significance of the Productivity Theory of Pensions
5
Picture 8
Organization of This Discussion
8
Picture 9
Notes
11
2
An Overview of Private Pensions and Policy
13
Picture 10
Pension Policy in the United States
19
Picture 11
Pension Regulation
21
Picture 12
Notes
22
3
Pension Incentives
25
Picture 13
The Pension Quit Penalty
25
Picture 14
Retirement Incentives
33
Picture 15
Summary
35
Picture 16
Notes
36
4
Pension Incentives and Internal Labor Markets
39
Picture 17
The Economics of Internal Labor Markets and Pensions
40
Picture 18
Firm-Specific Training Model
40
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