Pension Policy for a Mobile Labor Force

Turner, John A.

doi:10.17848/9781441635976

Cited by 24 publications

(22 citation statements)

References 19 publications

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“…Even the economics literature, however, often has characterized pension quit penalties as impediments to efficient job mobility. Turner (1993) describes two arguments for legislation to enhance pension portability. First, greater portability will raise retirement benefits of workers who, for whatever reason, have experienced frequent or untimely job changes.…”

Section: Significance Of the Productivity Theory Of Pensionsmentioning

confidence: 99%

“…We explain in Chapter 3 that even fully vested workers lose substantial pension wealth when changing jobs, even if they immediately begin earning credits in a new defined-benefit plan. Since 1986 several legis lative proposals have addressed this problem but none have been enacted (Turner 1993).…”

Section: Pension Regulationmentioning

confidence: 99%

“…In fact, defined-benefit plans almost never index the wage base or accept ser vice credit from previous jobs. Thus, the thrust of policy proposals to enhance pension benefit portability is to require indexing or to estab lish clearinghouses for service credit (Turner 1993). …”

Section: The Pension Quit Penaltymentioning

confidence: 99%

“…Indexation of the wage base is almost never observed in private pen sions, however, and lump-sum distributions from defined-benefit plans are not common (Turner 1993). When lump-sums are provided, they are valued using a nominal interest rate, which does not eliminate the portability loss due to inflation.…”

Section: Notesmentioning

confidence: 99%

See 3 more Smart Citations

Pensions and Productivity

Dorsey¹,

Cornwell

Macpherson³

1998

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Section: Significance Of the Productivity Theory Of Pensionsmentioning

confidence: 99%

Section: Pension Regulationmentioning

confidence: 99%

Section: The Pension Quit Penaltymentioning

confidence: 99%

Section: Notesmentioning

confidence: 99%

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Pensions and Productivity

Dorsey¹,

Cornwell

Macpherson³

1998

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“…6 By comparison, plans in the United States frequently required fifteen or more years of participation for vesting before ERISA mandated minimum vesting requirements (Turner 1993a).…”

Section: Labor Market Issuesmentioning

confidence: 99%

Private Pension Policies in Industrialized Countries: A Comparative Analysis

Turner¹,

Watanabe²

1995

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PrefaceMany countries are moving towards greater reliance on market insti tutions, and as part of this process they are developing and strengthen ing their private pension systems. At the same time, the aging of populations is straining social security systems. As a result of these trends, future retirees will rely increasingly on private pensions to pro vide retirement income.This book identifies important issues involved in developing and managing private pension systems and examines how selected coun tries have dealt with these issues. It discusses a wide range of experi ence that may be useful for policymakers to consider in developing pension policies.

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Acquired but Unvested Welfare Rights: Migration and Entitlement Barriers in Reform-Era China

Zhang

Liu

2018

The China Quarterly

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Scholars studying Chinese development have long acknowledged the significance of the hukou system in impeding internal migration and defining welfare entitlements. However, another crucial barrier is often overlooked: the incomplete transferability of acquired welfare rights. By examining the case of the Urban Employee Basic Pension System, this paper aims to understand how the limited transferability of acquired rights acts as an obstacle to labour migration and entitlement accomplishment. It also seeks to explore the factors that are accountable for the low level of welfare rights transferability. Our findings suggest that migration and entitlement barriers today may not be so much a question of a particular form of hukou exclusion but more of a problem of insufficient rights portability. An in-depth understanding of the structural constraints of China's reform-era migration and rights attainment needs to take into account the transferability of welfare entitlements for migrant workers, and go beyond a narrow conceptualization of the hukou system per se.

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Pension Policy for a Mobile Labor Force

Cited by 24 publications

References 19 publications

Pensions and Productivity

Pensions and Productivity

Private Pension Policies in Industrialized Countries: A Comparative Analysis

Acquired but Unvested Welfare Rights: Migration and Entitlement Barriers in Reform-Era China

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