| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w1559
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| 来源ID | Working Paper 1559
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| The Usefulness of the Wind-Up Measure of Pension Liabilities: A LabourMarket Perspective |
| James E. Pesando
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| 发表日期 | 1985-02-01
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| 出版年 | 1985
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| 语种 | 英语
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| 摘要 | Financial economists have long favoured the use of a wind-up measure of the firm's pension liabilities. Yet the pension liabilities of the firm also represent the pension wealth of its workers. It is reasonable to presume that workers and shareholders have a common view of the pension contract. If the wind-up measure depicts the true pension liabilities of the firm, then the wage concession granted by its workers must reflect the fact that the firm may choose to terminate the plan at any time. Data on the wage-service characteristics of the membership of a sample of final earnings plans in Canada suggest,contrary to the implications of the wind-up measure, that workers' wages do not internalize accruing pension benefits on a year-to-year basis. Instead, the data suggest that pension plans may be a vehicle through which a significant portion of the total compensation of individual employees is deferred until their later work years, and that the wind-up measure may well understate the pension liabilities of an on-going firm. |
| 主题 | Financial Economics
; Labor Economics
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| URL | https://www.nber.org/papers/w1559
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558797
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推荐引用方式
GB/T 7714 |
James E. Pesando. The Usefulness of the Wind-Up Measure of Pension Liabilities: A LabourMarket Perspective. 1985.
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文件名：
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w1559.pdf
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格式：
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Adobe PDF
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