Competitive and Segmented Labour Markets and Exclusion from Retirement Income. ESRI Working Paper No. 108, June 1999

Hughes, Gerard and Nolan, Brian (1999) Competitive and Segmented Labour Markets and Exclusion from Retirement Income. ESRI Working Paper No. 108, June 1999. [Working Paper]

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Abstract

Interest in the causes and consequences of low pay is, understandably., primarily focused on the mechanisms which bring about social exclusion and their immediate effects on inequality and poverty. There are, however, lifetime consequences of employment in low paying jobs which result in exclusion of certain categories of employees from employer provided occupational pension schemes. The effects of this exclusion will not be felt by individuals in these groups until it is impossible, or too late, for them to make their own pension arrangements. In these circumstances a significant minority of employees who work in low paid jobs may be almost totally dependent on the State for an income during old age. If the social exclusion which many of them suffer during their working lifetime is not to continue into old age it is critical that the State should put in place arrangements, either in its own pension schemes or through private schemes, which will provide an adequate income for the elderly.

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