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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
Journal Article
Job characteristics, wages, and the employment contract
MacLeod, W. Bentley; Parent, Daniel
(1999-05)
Review
, Issue May
, Pages 13-27
Journal Article
Crisis in pensions
Sass, Steven A.
(1993-04)
Regional Review
, Issue Spr
, Pages 13-18
Conference Paper
The lender's view of debt and equity: the case of pension funds
Bodie, Zvi
(1989)
Conference Series ; [Proceedings]
, Volume 33
, Pages 106-135
Journal Article
Paying for public pensions: now or later?
Inman, Robert P.
(1980-11)
Business Review
, Issue Nov
, Pages 3-12
Working Paper
Public pensions and labor supply over the life cycle
Jones, John Bailey; French, Eric
(2010)
Virtually all developed countries face projected budget shortfalls for their public pension programs. The shortfalls arise for two reasons. First, populations in developed countries are aging rapidly. Second, until recently older individuals in developed countries have been retiring earlier. These two developments have created serious strains on public pension programs. In order to remain fiscally solvent, many governments have reformed their public pension schemes to encourage labor supply at older ages. These reforms include reductions in the generosity of public pensions and reduced ...
Working Paper Series
, Paper WP-2010-09
Journal Article
Pensions in peril
Davies, Phil
(2005-06)
The Region
, Volume 19
, Issue Jun
, Pages 6-11, 42-47
Journal Article
Estimating the funding gap of the Pension Benefit Guaranty Corporation
Hirtle, Beverly; Estrella, Arturo; Brehm, John A.
(1988-10)
Quarterly Review
, Volume 13
, Issue Aut
, Pages 45-59
Working Paper
Financial accounting for pensions: measures of funding status
Warshawsky, Mark J.
(1990)
Finance and Economics Discussion Series
, Paper 145
Conference Paper
Understanding global imbalances
Cooper, Richard N.
(2006)
Two contemporary issues provide reason to focus on national saving and investment: the debate over public pensions, and pensions more generally, in all rich countries; and the large global current account imbalances, conceptually the difference between national savings and domestic investment. Are we all saving enough to provide adequate retirement income for rapidly ageing populations ? especially Americans, whose household savings seems to have disappeared altogether in 2005? And are the countries with large external deficits ? notably the United States ? mortgaging the income of future ...
Conference Series ; [Proceedings]
, Volume 51
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