The pension advantage of public sector workers

<p><p>Defined benefit pensions in the public sector are worth more as a share of the total remuneration package than they are in the private sector. </p><p>Research by Professor Richard Disney, Carl Emmerson and Gemma Tetlow, published in the latest <i>Economic Journal</i>, reveals the key drivers of this public sector pension advantage: longer job tenures; the option of claiming pensions earlier; and lifetime earnings profiles that peak in workers' late 50s rather than their late 40s.</p></p>