منابع مشابه
Negative Reciprocity and Retrenched Pension Rights
Negative Reciprocity and Retrenched Pension Rights We document the importance of negatively reciprocal inclinations in labor relationships by showing that a retrenchment of pension rights, which is perceived as unfair, causes a larger reduction in job motivation the stronger workers’ negatively reciprocal inclinations are. We exploit unique matched survey and administrative data on male employe...
متن کاملThe Political Economy of Derived Pension Rights
Derived pension rights exist in most Social Security systems but with variable generosity. They are mainly targeted towards non-working wives and widows and are viewed as a means to alleviate poverty among older women living alone. The purpose of this paper is to explain how they can emerge from a political economy process when the Social Security is a combination of Bismarckian and Beveridgian...
متن کاملEarly Warning to Insolvency in the Pension Fund: The French Case
The financial equilibrium of pension funds relies on the appropriate computation of retirement benefits, taking account of future payments and discount rates. Short-term errors in the commitment for retirement benefits, ill-suited investment in the stock market, or improper mixture with pay-as-you-go payments have long-term consequences and may lead the pension fund to insolvency. The different...
متن کاملDemotivating Workers: Retrenchment of pension rights and negative reciprocity
This paper identifies the causal impact of a retrenchment of pension rights on the job motivation of negatively reciprocal workers. The paper complements the evidence from lab experiments that highlight the behavioral relevance of reciprocity in stylized labor markets. We use unique matched survey and administrative data that include individual measures of reciprocity. Our data set covers male ...
متن کاملBanking on Reciprocity: Deposit Insurance and Insolvency
There is an empirical connection between deposit insurance, risktaking, and insolvency. We argue that if banks maximize profit this amounts to a puzzle (even taking into account that deposit insurance decreases incentives for customers to monitor banks). However, we show that the empirical regularities can be well captured if bankers are motivated by reciprocity towards their customer base.
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ژورنال
عنوان ژورنال: Pensions: An International Journal
سال: 1999
ISSN: 1750-208X
DOI: 10.1057/palgrave.pm.5940105