Segmented labour market theory rests on two central tenets. The first is that it is meaningful to distinguish between primary labour markets providing "good" jobs with high wages and stable employment and secondary labour markets providing "bad" jobs with low pay and unstable employment. The...

The pensions industry's argument that the favourable tax treatment of occupational pension funds amounts to tax deferment rather than tax exemption is evaluated using a net present value approach to estimate the cost of the tax foregone in taxing employee pension contributions on a consumption...

The strong link between private pensions and employment status means that there is little interest in the equity of private pension arrangements since it is expected that inequality in earnings will be reproduced in inequality in pensions. Nevertheless, the equity of private pensions is an issue...