We examine nonstandard work and its impact on pension coverage via a case study of the United States, the United Kingdom, and Germany.  We define nonstandard work broadly to include alternative work, contingent work, and self-employment.  We discuss how nonstandard work may affect public pension coverage, as both the pension rules and the level of actual and reported earnings of workers engaged in nonstandard work can differ from those of workers engaged in standard work.  Current nonstandard workers receive essentially symmetric treatment from the pension systems in both the U.S. and U.K., but this is not the case in Germany and is a recent development in the U.K.  We find that the share of workers engaged in nonstandard work has changed only modestly over time in these three countries, despite the popular perception that a more significant transformation in the nature of work may be underway.  We also find that workers who spent much of their career in self-employment (one type of nonstandard work) have higher levels of financial distress in retirement and rely more on financial assets outside the public pension system.

Privacy Overview
Kessler Scholars Collaborative

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. You can read more in our Privacy Policy.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

Analytics

We use Google Analytics to collect anonymous information about how visitors interact with this website and the information we provide here, so that we can improve both over the long run. For more on how we use this information please see our privacy policy.