ERIC Number: ED120520
Record Type: RIE
Publication Date: 1975-Nov-21
Reference Count: 0
Internal and External Labor Markets: An Analysis of Manpower Utilization.
Schiller, Bradley R.
The report covers two major topic areas, each of which is treated in a separate paper: (1) the extent of variation in individual workers' relative earnings, and (2) the impact of private pension plans on firm attachment. The first study looks at changes in relative earnings and evaluates them in the framework of alternative labor market models. It concludes that workers tend to leave their employer less as vesting status or retirement eligibility approaches and that higher wages generally tend to inhibit exit. The second study attempts to measure the extent to which firm exit is constrained by specific provision (such as vesting) of private pension plans. It concludes that the size of monthly benefits acts as a powerful determinant of firm attachment patterns, with higher monthly pension benefits tending to reduce firm exit rates among those approaching retirement eligibility and to increase exit rates for those already eligible for retirement. Both studies use the Social Security Administration's LEED data file. (Author/JR)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Manpower Administration (DOL), Washington, DC. Office of Research and Development.
Authoring Institution: Maryland Univ., College Park. Dept. of Economics.
Note: Not available in hard copy due to marginal reproducibility