Artikel
The efficiency wage effect of employer provided occupational pensions
Using new linked employer-employee data from Germany, this article provides the first evidence on the effect of employer provided occupational pensions on work engagement. Famous efficiency wage theories predict that pensions enhance effort if a risk of forfeiture of pension claims is present. Exploiting the German non-forfeiture clause for employer-provided pensions, the results are consistent with the theoretical prediction and show that pensions in combination with the risk of forfeiture exert a positive effect on work engagement. Since occupational pension claims are selectively distributed across establishments, I control for establishment heterogeneity, but point estimates remain of the same size. Conditional quantile regression estimates indicate that especially the lower end of the engagement distribution is affected, which suggests that pensions combined with the risk of forfeiture are effective to reduce incentives for shirking.
- Sprache
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Englisch
- Erschienen in
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Journal: IZA Journal of European Labor Studies ; ISSN: 2193-9012 ; Volume: 4 ; Year: 2015 ; Issue: 8 ; Pages: 1-17 ; Heidelberg: Springer
- Klassifikation
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Wirtschaft
Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
Retirement; Retirement Policies
Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
- Thema
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Occupational pensions
Non-forfeiture clause
Efficiency wages
Delayed compensation
Work engagement
- Ereignis
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Geistige Schöpfung
- (wer)
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Bossler, Mario
- Ereignis
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Veröffentlichung
- (wer)
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Springer
- (wo)
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Heidelberg
- (wann)
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2015
- DOI
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doi:10.1186/s40174-015-0031-4
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:22 MESZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Bossler, Mario
- Springer
Entstanden
- 2015