Wage and compensation inequality
2011 (English)In: Journal of Insurance Markets and Companies: Analyses and Actuarial Computations, Vol. 2, no 2, 14-19 p.Article in journal (Refereed) Published
Wages are not the only compensation for gainful employment. In particular, many employees also enjoy pension benefitsand sickness benefit insurance. The paper compares the distribution of individuals' wage income to the distributionof labor compensation when important non-wage benefits are included. In the study for Sweden the focus is on pensionbenefits. The authors address the importance of earnings-related pensions for the distribution of labor compensation.The estimations are based on a representative sample of the Swedish adult population. It is found that inequality increaseswhen compensation is considered instead of wage income, that there are differences between men and womenand across socio-economic groups in the way benefits affect inequality. This is in agreement with earlier studies in theU.S. The results also indicate that defined contribution pension schemes are more equally distributed than definedbenefit schemes. This might be of interest because pension systems are being modified in many parts of the world andmany countries have swapped a defined benefit system for a defined contribution one.
Place, publisher, year, edition, pages
Ukraine: "Business Perspectives" Publishing Company , 2011. Vol. 2, no 2, 14-19 p.
IdentifiersURN: urn:nbn:se:su:diva-69985OAI: oai:DiVA.org:su-69985DiVA: diva2:478437