Labour mobility, pension portability and the lack of lock-in effects

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Author: Hernaes, Erik; Piggott, John; Vestad, Ola Lotherington; Zhang, Tao


This paper revisits the question of whether defined benefit pension plans inhibit labour mobility. Using national register data for three distinct periods, we define and calculate a measure of changes in individual pension entitlements which we term potential portability gain. Estimation results indicate that the effect of portability gains on the propensity to change jobs is either weak or non-existent, and there are no signs of gains or losses in pension entitlements being reflected in wages for job changes.

Published abstract.

Subjects: Labour market; Income; Employment; Finance

Keywords: Labour mobility; Older worker; Wage; Financial aspects

Geographic subjects: Australia; Oceania

Published: [Sydney, New South Wales]: ARC Centre of Excellence in Population Ageing Research, 2011

Physical description: 31 p. + appendix

Access item:

ARC Centre of Excellence in Population Ageing Research working paper; no. 2011/1

Resource type: Working paper

Call Number:
TD/TNC 112.898

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