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Company Pension Plans, Stock Market Returns, and Labor Demand

With asset values falling sharply in recent years, many companies around the world are under pressure to restore the solvency of their defined-benefit pension plans. Will this lead to higher contributions? Will higher contributions increase labor costs and reduce employment? Does this mechanism exac...

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Bibliographic Details
Main Author: Detragiache, Enrica
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Series:IMF Working Papers
Subjects:
Labor Costs
Institutional Investors
Private Pensions
Pension Funds
Pension Spending
Labour; Income Economics
Retirement Policies
Social Security And Public Pensions
Nonwage Labor Costs And Benefits
Wages, Compensation, And Labor Costs: General
Financial Instruments
Financial Institutions And Services: Government Policy And Regulation
Labor
Expenditure
Non-bank Financial Institutions
Retirement
Labor Demand
Labor Market
Pensions
Wages
Public Finance
Netherlands, The
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:With asset values falling sharply in recent years, many companies around the world are under pressure to restore the solvency of their defined-benefit pension plans. Will this lead to higher contributions? Will higher contributions increase labor costs and reduce employment? Does this mechanism exacerbate economic downturns? What are the economic effects of pension fund regulation? This paper develops a theoretical model to address these questions. Although its scope is more general, the model captures the main institutional features of the pension system in the Netherlands, a country where the economic effects of the pension shock are widely debated
Physical Description:19 pages
ISBN:9781451875287

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