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| Tekijä: | Ippolito, R. A. |
| Otsikko: | Encouraging long-term tenure: wage tilt or pensions? |
| Lehti: | Industrial and Labor Relations Review
1991 : APR, VOL. 44:3, p. 520-535 |
| Asiasana: | PAYMENT SYSTEMS PENSION SCHEMES LABOUR TURNOVER ORGANIZATIONAL COMMITMENT MEASUREMENT |
| Kieli: | eng |
| Tiivistelmä: | Data on 6,416 persons in 109 firms are analyzed to determine whether the length of these workers' tenure was positively related either to wage tilt (the payment of below-market wages in the early years of the workers' employment with a firm and above-market wages in the later years) or to the presence of defined benefit pension plans. Contrary to the popular hypothesis that wage tilt is important in inducing workers to make long-term commitments to the firm, the results show that wage tilt had no significant effect on tenure, except indirectly through its effect on pension quit costs. In contrast, pensions increased tenure in the firm, on average, by more than 20 percent. These results could be challenged on the basis of measurement problems. |
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