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  • Robert L. Clark, Melinda Sandler Morrill, and David Vanderweide, Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century (Elsevier, Journal of Public Economics, vol. 116 , 2012), chap. 6, https://www.nber.org/books-and-chapters/retirement-benefits-state-and-local-employees-designing-pension-plans-twenty-first-century/defined-benefit-pension-plan-distribution-decisions-public-sector-employees.

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Studies examining pension distribution choices have found that the tendency of private-sector workers is to select...

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