Public Plans and Short-Term Employees

Alicia H. Munnell, Jean-Pierre Aubry, Joshua Hurwitz, and Laura Quinby, Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century (Elsevier, Journal of Public Economics, vol. 116 , 2012), https://www.nber.org/books-and-chapters/retirement-benefits-state-and-local-employees-designing-pension-plans-twenty-first-century/public-plans-and-short-term-employees.