TY  - BOOK
AU  - Friedberg,Leora
AU  - Owyang,Michael T.
AU  - Sinclair,Tara M.
ED  - National Bureau of Economic Research.
TI  - Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage 
T2  - NBER working paper series
PY  - 2005///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - December 2005; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w11808
UR  - http://dx.doi.org/10.3386/w11808
ER  -