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This paper examines the choice of pension scheme and job mobility in Britain. Workers in Britain can choose to belong wholly to the social security (public pension) programme, or to a company-provided plan (occupational pension), or to purchase their own individual pension. We use household panel data for the 1990s to show that individuals that subsequently move job select pension arrangements that a priori impose lower costs on job mobility. A feature of the British policy experiment, and of the data, is that we can differentiate between choice of actual pension arrangement by the individual and what pension arrangements were offered to that individual. This permits us to test indirectly whether the observed relationship arises from employer selection or from pension scheme design.
Authors
Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
Research Associate University of Sussex
Richard is an IFS Research Associate, a Part-time Professor of Economics at the University of Sussex and a Visiting Professor of Economics at UCL.
Working Paper details
- DOI
- 10.1920/wp.ifs.2002.0209
- Publisher
- IFS
Suggested citation
Disney, R and Emmerson, C. (2002). Choice of pension scheme and job mobility in Britain. London: IFS. Available at: https://ifs.org.uk/publications/choice-pension-scheme-and-job-mobility-britain (accessed: 19 May 2024).
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