Adequacy of Pension Benefit Levels

摘要

The research examines the cost of living adjustments in pensions from theperspective of labor economics. It aims to describe more fully post-retirement cost of living adjustments (pension COLAs) and their effects on the level of compensation and pension wealth, on variation in compensation among generations of retirees, and on the rate of accrual in pension wealth and compensation with continued work. It derives implications for the role of pensions in the labor market and discusses whether there is a strong case from the labor market perspective for or against policies which would mandate pension COLAs or regulate the availability and funding of pension COLAs.