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Who pays for occupational pensions?
By Vestad, Ola L.
Memorandum 16/2011
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Abstract |
The purpose of this paper is to estimate wage effects of occupational
pensions, exploiting the introduction of mandatory occupational pensions
in Norway as a source of exogenous variation in pension coverage. Various
difference-in-differences models are estimated on a large sample of
Norwegian private sector firms. The results indicate that on average, less
than half the costs of a minimum requirement occupational pension was
shifted from firms to workers in terms of lower wages, and that there are
important heterogeneities with respect to the influence of local unions and
central negotiations on the wage setting in different industries. |
| JEL Classification:
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H22, J32, J38, J50 |
| Keywords:
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pension reform, mandatory occupational pensions, labour unions and centralised negotiations, matched employer-employee register
data |
| Project:
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1307 Strategic centre programme on pension research
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