Fringe Benefit Distribution in Britain

Wages, fringe benefits and worker turnover

“…The same is true for a social exchange interpretation of fringe benefits (as it is emphasised in sociology), for example, like the gift exchange of Akerlof (1982). Green et al (1985) consider, for example, status as a nonwage characteristic, and several fringe benefits contribute to worker status (e.g., the company car, which often is of the more expensive kind). Fourthly, biases of judgements (Rabin, 1998) may make employees uncertain about the real value of the fringe benefits.…”

The New Pension Scheme in Britain

“…If there are individuals who would wish to take advantage of pension plans but are unable to do so at present ' Not surprisingly, Green, Hadjimatheou and Smail (1985) find that entitlement to a private pension among individuals depends on occupational group and positively on length of job tenure. If there are individuals who would wish to take advantage of pension plans but are unable to do so at present ' Not surprisingly, Green, Hadjimatheou and Smail (1985) find that entitlement to a private pension among individuals depends on occupational group and positively on length of job tenure.…”

“…Finally, there is the development of defined contribution (money purchase) plans in addition to defined benefit plans. If there are individuals who would wish to take advantage of pension plans but are unable to do so at present ' Not surprisingly, Green, Hadjimatheou and Smail (1985) find that entitlement to a private pension among individuals depends on occupational group and positively on length of job tenure. through a defined benefit plan, the introduction of such plans is desirable.…”

Do unions impede or accelerate structural adjustment? Industrial versus company unions in an industrialising labour market

“…It was expected that entitlement would be greater in unionised firms, as has been found in industrialised countries (Freeman and Medoff, 1984, Ch. 4;Green, Hadjimatheou and Smail, 1985). They were also expected to be more common for regular workers, compared with casual and temporary workers, and for skilled workers compared with semi-skilled and unskilled.…”