Company Pension Plans, Stock Market Returns, and Labor Demand

With asset values falling sharply in recent years, many companies around the world are under pressure to restore the solvency of their defined-benefit pension plans. Will this lead to higher contributions? Will higher contributions increase labor costs and reduce employment? Does this mechanism exacerbate economic downturns? What are the economic effects of pension fund regulation? This paper develops a theoretical model to address these questions. Although its scope is more general, the model captures the main institutional features of the pension system in the Netherlands, a country where the economic effects of the pension shock are widely debated.
Publication date: November 2003
ISBN: 9781451875287
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Investments and Securities-General , Investments and Securities-General , Public Policy- Social Security , Public Policy- Social Security , Company pension plans , labor demand , pension regulation , pension , pension fund , pension fund assets , pension funds , pension plans , Financial Institutions and Services: Government Policy and Regulation

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