@techreport{NBERw11808,
 title = "Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage",
 author = "Leora Friedberg and Michael T. Owyang and Tara M. Sinclair",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "11808",
 year = "2005",
 month = "December",
 URL = "http://www.nber.org/papers/w11808",
 abstract = {Recent declines in job tenure have coincided with a shift away from traditional defined benefit (DB) pensions, which reward long tenure. Recent evidence also points to an increase in job-to-job movements by workers, and we document gains in relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure-based contracts like DB pensions to reduce the incidence of costly on-the-job search by workers. Reduced search costs can, under fairly general conditions, lower the value of deterring search and the use of DB pensions.},
}