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Title: How Accurate are Workers' Perceptions of Future Pension Benefits?
Resulting in 1 citation.
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Leigh, Duane E. |
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How Accurate are Workers' Perceptions of Future Pension Benefits? Working Paper, Department of Economics, Washington State University, Pullman, 1982 Cohort(s): Older Men Publisher: Department of Economics, Washington State University Keyword(s): Pensions; Retirement/Retirement Planning; Unions; Wage Effects Using data from the NLS of Older Men, this paper examines the accuracy of workers' perceptions of their future pension benefits by comparing expected benefits measured in l97l to benefits measured in l976. The empirical results suggest, controlling for the effects of variables likely to be related to accuracy of perceptions, that workers generally underestimate the level of pension income they will receive upon retirement. Extent of underestimation is found to be largest for individuals not yet old enough to retire and smallest for individuals who actually retired during the time period examined. There is no evidence of a systematic difference between union and nonunion workers in the accuracy with which future benefits are perceived. |
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Bibliography Citation
Leigh, Duane E. "How Accurate are Workers' Perceptions of Future Pension Benefits?" Working Paper, Department of Economics, Washington State University, Pullman, 1982. |