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>

This study investigates why, after 15 years of virtual stability, U.S. labor force participation rates for men aged 55 to 64 fell by approximately 20% from 1970 through 1986. The author's analysis of rule changes in the social security system and pension plans suggests that part of this...