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Explaining the Evolution of Pension Structure and Job Tenure
National Bureau of Economic Research [NBER]Link to more items from this source
Aug. 31, 2004
Excerpt: Current and expected job tenure have fallen significantly over the last two decades. Over the same period, traditional defined benefit pensions, designed to reward long tenure, have become steadily less common. This paper uses a contract-theoretic matching model with moral hazard to explain changes in pension structure and job tenure.

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