Cunha, Jesse M.; Menichini, Amilcar A.; Crockett, Adam - In: Economics Letters 126 (2015) C, pp. 6-9
We study the retention effects of the Australian military’s decision to remove a 20-year cliff-vesting requirement from … their retirement system in 1991. We follow to the present individuals who self-selected into and out of the 20-year cliff-vesting … plan, as well as those who were forced out of the plan. Eliminating the high years of service cliff-vesting provision leads …