Quit rates in the federal government are abnormally low. Some economists and the federal government itself have taken this to mean that federal wages are too high. This paper provides an alternative explanation. It shows that the timing of compensation across a career as well as its level affect...

Pension economics has emerged as a separate literature over the past decade. Some of the early pension work was devoted to financial issues, including implications of pensions for savings rates and portfolio allocation. Most new developments, however, have stemmed from research surrounding labor...

The author analyzes data on 6,416 persons in 109 firms to determine whether the length of these workers' tenure was positively related either to wage tilt-the payment of below-market wages in the early years of the worker's employment with a firm and above-market wages in the later years-or to...

The implicit pension contract has provided a theoretical basis for the observed relation between pensions, less quitting and earlier retirement. But it also has encountered difficulty explaining why wages seem "too high" in pension firms. This anomaly has been taken by some to imply that...

This paper reviews and evaluates public policy towards private pensions which has developed in the U.S. over the past 60 years. It is shown that research results reported in the literature are not sufficiently conclusive to permit resolution of all, or even the most important, efficiency...

Explains that new tax policy does not directly distort intertemporal consumption because full consumption tax treatment is afforded defined contribution plans. The impact of the rules depends on the average age of the work force and the long-term nominal interest rate.

<DIV>In this provocative book, Richard A. Ippolito explores the relationship between employees' preferences for certain types of pension plans and their productivity. Ippolito begins by reviewing how pensions influence workers' behavior on the job, helping employers reduce early quit rates and...</div>