This paper reviews the theoretical and empirical literature evaluating the labor market effects of policies to enhance pension portability. One perspective is that reducing the cost of job change will result in a more efficient allocation of workers. In contrast, long-term employment contract...

Competitive theory implies that compensating wage differentials will be paid to workers in hazardous employment, but only to the extent that employees are liable for risk. This prediction suggests that previous estimates of wage-risk premiums may be biased as a result of the failure to control...

The authors use IRS data to compare the composition, risk, and rate of return to union pension investments with those of nonunion pension funds. They find almost no differences between single-employer union and single-employer nonunion funds. Collectively bargained, multi-employer funds,...