Journal Article
Is the pension system a liability?
Sigalla, Fiona; Guzman, Mark G. (2004-09)
Southwest Economy , Issue Sep , Pages 1, 7-12

Working Paper
Explaining the evolution of pension structure and job tenure
Owyang, Michael T.; Friedberg, Leora (2004)
Average and expected job tenure of workers has fallen significantly over the last two decades. Workers have also experienced a major shift in pension coverage. Traditional defined benefit pensions, designed to reward long tenure, have become steadily less common, while defined contribution pensions, which are largely portable, have spread. The link between job tenure and pension trends has not been closely examined, but it offers insights about both phenomena. This paper uses a contract-theoretic matching model with moral hazard to explain changes in both pension structure and job tenure; we ...
Working Papers , Paper 2002-022

Working Paper
Are firms or workers behind the shift away from DB pension plan?
Coronado, Julia Lynn; Aaronson, Stephanie (2005)
One of the most striking changes in the composition of household retirement savings over the past 20 years has been the shift from defined benefit to defined contribution pension plans. Understanding the factors underlying this shift is important for determining its impact on retirement saving adequacy. Yet previous research, which has mostly focused on factors affecting all firms, such as regulation or increased longevity, has yielded little consensus. In this study we estimate the contribution of changing workforce characteristics and production environments to the shift in pension ...
Finance and Economics Discussion Series , Paper 2005-17