Brian Bell (Kings College London)
| Dates: | 9 March 2017 |
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| Times: | 16:15 - 17:45 |
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| What is it: | Seminar |
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| Organiser: | School of Social Sciences |
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| Speaker: | Brian Bell |
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Title: The Burden of Legacy Costs: Evidence from Pension Black Holes
Abstract
Who pays for the costs that arise from legacy employment arrangements? We create a unique dataset that links worker and CEO pay to the costs that UK firms have been forced to pay to plug large deficits in their historic defined benefit pension plans. We show that both firms and workers share the burden of such costs. The burden on workers falls more heavily on those with some exposure to the pension plans, but even those who have never been members of the plan take a hit to wages.
Speaker
Brian Bell
Role: Associate Professor of Economics
Organisation: Kings College London
Travel and Contact Information
Find event
G32
Humanities Bridgeford Street
Manchester
