Because employer-sponsored group pension plans entail agreements between workers and their employers explicitly linking future payment and employment, they offer an unusual window into long-term employment relationships. This review of recent research on pensions explores how pensions influence...

One of the costs borne by workers changing jobs is the income loss associated with forfeited fringe benefits, including nonvested pensions, paid vacation and sick leave, group medical and life insurance coverage, and possibly profit-sharing and stock-ownership programs. This paper uses...

Symposium introduction.

A common assumption in the compensation and retirement literature, often necessitated by lack of data, is that company-sponsored pensions are static institutions. The present paper, a study of the pension plans at 14 companies for the years 1960, 1970, and 1980, challenges this assumption,...

Data from four plants of a single company are used to examine differences in health plan selection in 1989 among employees offered a choice of plans. A 10% increase in the traditional fee-for-service (FFS) plan premium reduced the fraction choosing that plan by 4-9 percentage points, and a...

This paper examines the efficiency of pension plan operations in the private sector, focusing on the relationship between plan size and administrative expenses of pension fund management. The authors estimate cost equations for multi-employer, defined benefit plans with funds held totally by a...