#2003-038E "Searching For Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage"
by Leora Friedberg, Michael T. Owyang, and Tara M. Sinclair
November 2003
Revised July 2006

Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. New 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. More...

PUBLISHED: Berkeley Electronic Press, Topics in Economic Analysis and Policy, 2006, 6(1), Article 14

#2002-022D "Explaining the Evolution of Pension Structure and Job Tenure"
by Leora Friedberg, and Michael T. Owyang
October 2002
Revised November 2005

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. More...