Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage /
Friedberg, Leora.
Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage / Leora Friedberg, Michael T. Owyang, Tara M. Sinclair. - Cambridge, Mass. National Bureau of Economic Research 2005. - 1 online resource: illustrations (black and white); - NBER working paper series no. w11808 . - Working Paper Series (National Bureau of Economic Research) no. w11808. .
December 2005.
Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. Recent evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure-based contracts like DB pensions to reduce the incidence of costly on-the-job search by workers. Reduced search costs can, under fairly general conditions, lower the value of deterring search and the use of DB pensions.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage / Leora Friedberg, Michael T. Owyang, Tara M. Sinclair. - Cambridge, Mass. National Bureau of Economic Research 2005. - 1 online resource: illustrations (black and white); - NBER working paper series no. w11808 . - Working Paper Series (National Bureau of Economic Research) no. w11808. .
December 2005.
Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. Recent evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure-based contracts like DB pensions to reduce the incidence of costly on-the-job search by workers. Reduced search costs can, under fairly general conditions, lower the value of deterring search and the use of DB pensions.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.