Severance Pay, Pensions, and Efficient Mobility
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This paper argues that pensions are used as severance pay devices in an efficient compensation scheme. The major points of the study are: (1) Severance pay, which takes the form of higher pension values for early retirement, is widespread. (2) A major reason for the existence of pensions is the
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美国国家经济研究局创建时间：
1982-02-01
