TY  - RPRT
        AU  - Danzer, Alexander M.
AU  - Dolton, Peter
        TI  - Total Reward in the UK in the Public and Private Sectors
        PY  - 2011/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5656
        UR  - https://www.iza.org/publications/dp5656
        AB  - Recent controversy has surrounded the relative value of public and private sector remuneration. We define a comprehensive measure of Total Reward (TR) which includes not just pay, but pensions and other 'benefits in kind', evaluate it as the present value of the sum of all these payments over the lifetime and compare it in the UK public and private sectors. Our results suggest that TR is equalized over the lifecycle for men while women have a clear TR advantage in the public sector by the end of their career. We suggest that the current controversy over public-private sector pension differentials and the perennial issues of public/private sector pay gaps requires a life time perspective and that the concept of TR is appropriate.
        KW  - wage differentials
KW  - total reward
KW  - compensation
KW  - public sector
KW  - pensions
        ER  -