Wage-Pension Trade-offs in Collective Agreements

Datos Bibliográficos

ID3295705
AutoresMorley Gunderson (0000-0002-2261-8827, autor de correspondencia), Douglas Hyatt (0000-0001-9946-8241, autor de correspondencia), James E Pesando (autor de correspondencia)
Año1992
Volumen46
Número1
Páginas146
Fecha de publicación1992-10-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaIndustrial and Labor Relations Review (JOURNAL)
Identificadores de la revistaISSN: 0019-7939 • E-ISSN: 2162-271X
EditorialJSTOR (PUBLISHER)
DOI10.2307/2524744
OpenAlexW4245412068
IdiomaEN
Citas recibidas5
Referencias citadas17

Analyzing 98 matched collective agreements and flat benefit pension plans in Ontario in 1984, the authors find evidence of a significant trade-off between wages and an actuarially constructed summary measure of the expected future pension costs for employers. With respect to the separate components of the pension plans, they find a significant trade-off between wages and the main item that is bargained over-the flat benefit rate-but not between wages and most of the early and postponed retirement options. These results obtain when the pension variables are specified as a proportion of wages, to capture the assumption that the generosity of pension plans is reflected in replacement rates, and when simultaneous equation procedures are used to account for the possible endogeneity of pensions; the trade-off disappears, however, when the pension variables are specified in dollar amounts

Business · Econometrics · Economics · Endogeneity · Generosity · Labour economics · Liberian dollar · Pension · Variable (mathematics) · Wage · Finance · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Labor Movements and Unions · Retirement, Disability, and Employment