Occupational pensions and job mobility in Britain: Estimation of a random-effects competing risks model
利用1988/9年英国退休调查数据,分析有养老金工作、无养老金工作及其他劳动力状态之间的转换,发现养老金计划成员流动性较低,部分原因是其未观测特征更偏好就业和退休的双重安全。
We analyse transitions between pensionable jobs, non-pensionable jobs, and other labour market states, using the 1988/9 UK Retirement Survey. We focus on the positive association between length of job tenure and pensionable status, allowing for the possibility that pension scheme members are less mobile than other workers because they have persistent unobserved characteristics that predispose them towards a high degree of security in both employment and retirement. We use a competing risks model with state-specific random effects. The model is estimated by simulated maximum likelihood.