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Pensions, Bonding, and Lifetime Jobs

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NBER1991-04-01 更新2025-01-04 收录
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A well-known, if underappreciated, finding in the mobility literature is that turnover is much lower in jobs covered by pensions than in other jobs. This could result from capital losses for job changes created by most benefit formulas, the tendency of turnover-prone individuals to avoid jobs

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1991-04-01
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