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Interviews | November 19, 2009

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Pension Plans and Employee Performance: Evidence, Analysis, and Policy

by Richard A. Ippolito

Synopses & Reviews

Publisher Comments:

In this provocative book, Richard A. Ippolito explores the relationship between employees' preferences for certain types of pension plans and their productivity. Ippolito begins by reviewing how pensions influence workers' behavior on the job, helping employers reduce early quit rates and increase early retirement rates. In a novel contribution, Ippolito then shows how pensions can assist employers in attracting and retaining workers who have personal attributes valued by the firm.

Challenging the accepted view of defined contribution plans, such as the 401k, as merely convenient tax-deferred savings plans, Ippolito argues that these plans can help firms select and pay their best workers without expending monitoring resources. Building on his proposals for managing private pension plans, Ippolito concludes with a blueprint for fixing the social security system that would promote incentives to work and save while at the same time improving the system's financial condition.

Book News Annotation:

Explores the relationship between employees' preference for certain types of pension plans and their productivity. Documents how pensions influence workers' behavior on the job, reduce rates of quitting, and increase early retirement. Then explains how employers can use pensions to attract and retain workers who have personal attributes valued by the company.
Annotation c. Book News, Inc., Portland, OR (booknews.com)

Synopsis:

Chief economist for the Pension Benefit Guaranty Corporation and formerly with the U.S. Department of Labor, Richard A. Ippolito shows how pension plans can attract and retain more dedicated and productive workers. He also offers a blueprint for revising the social security plan with work incentives that would strengthen the system's financial condition.

Description:

Includes bibliographical references (p. 251-255) and index.

Table of Contents

List of Figures

List of Tables

Ch. 1: Developments in the Market for Private Pensions

Ch. 2: Defined Benefit Plans as Implicit Contracts

Ch. 3: Impact of Pensions on Quit Rates

Ch. 4: Quits and Retirements in the Federal Government

Ch. 5: Pensions and Retirement Patterns

Ch. 6: Role of Pensions in Earlier Retirement after 1970

Ch. 7: Toward Explaining the Growth of Defined Contribution Plans

Ch. 8: Sorting across Plan Type

Ch. 9: Encouraging High Discounters to Quit

Ch. 10: Aligning Pay and Productivity: 401k Plans

Ch. 11: Reliability as a Hidden Worker Attribute

Ch. 12: Tax Considerations and Plan Choice

Ch. 13: A Pension Tax Policy for Low Discounters

Ch. 14: Incentives, High Discounters, and Social Security

Ch. 15: Reforms for the Disability and Medicare Programs

Notes

Selected References

Index

Product Details

ISBN:
9780226384559
Subtitle:
Evidence, Analysis, and Policy
Author:
Ippolito, Richard A.
Publisher:
University of Chicago Press
Location:
Chicago :
Subject:
Human Resources & Personnel Management
Subject:
Pension trusts
Subject:
Labor productivity
Subject:
Labor turnover
Subject:
Labor turnover -- United States.
Subject:
Labor productivity -- United States.
Subject:
Pension trusts -- United States.
Edition Description:
Hardcover
Series Volume:
TB1203Q
Publication Date:
February 1998
Binding:
Hardcover
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
Y
Pages:
274
Dimensions:
9.00 x 6.00 in
Age Level:
Human Resources & Personnel Management

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