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| Author: | Disney, R. Emmerson, C. Tetlow, G. |
| Title: | What is a public sector pension worth? |
| Journal: | Economic Journal
2009 : NOV, VOL. 119:541, p. 517-535 |
| Index terms: | private sector public sector civil service pensions retirement workers pay employment statistics United Kingdom |
| Language: | eng |
| Abstract: | Using typical differences in scheme rules and sector-specific lifetime age-wage profiles by sex and educational group, this study measures accruals in defined benefit (DB) pension plans for public (here as: pbl-s.) and private sector (prv-s.) workers in Britain. It is shown that coverage by DB pension plans is greater in the pbl-s. and median pension accruals as a percentage of salary are more than 6 percent higher among DB-covered pbl-s. workers than covered prv-s. workers. This is largely due to earlier normal pension (retirement) ages and also by differences in earnings profiles across the sectors. |
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