The Center for Retirement Research has released a new issue brief:
“Does Mortality Differ Between
Public and Private Sector Workers?” by Alicia H. Munnell, Jean-Pierre
Aubry, and Geoffrey T. Sanzenbacher.
The
brief’s key findings are:
- In projecting pension costs, state and
local plans assume their workers will live longer than private sector
workers. Is this assumption accurate and, if so, why?
- The analysis confirms that public sector
workers – particularly women – have lower mortality rates than their
private sector counterparts.
- The question is whether lower mortality
reflects the nature of the job or the nature of the workers.
- The answer is the workers – specifically their education
levels. Controlling for education, the gap between public and
private workers disappears.
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