000			01294nam a22001457a 4500
999			_c517144 _d517144
008			210702b ||||| |||| 00| 0 eng d
100			_aQuinby, Laura D. _926189
245			_aDo deferred retirement benefits retain government employees?
260			_aJournal of Policy analysis and Management
300			_a39(2), Spring, 2020: p.469-509
520			_aThis study explores how deferred retirement benefits affect employee retention in the U.S. public sector. State government employees in Michigan transitioned from a defined-benefit pension with 10-year vesting to a defined-contribution plan with immediate vesting and less generous retiree health insurance benefits. Participation in either plan depends on date of hire, permitting a regression discontinuity research design. The shift away from generous deferred benefits caused a 5 percentage point decrease in the probability of remaining in state employment for at least a decade. The probability of leaving with four to nine years of tenure increased commensurately. Older professional workers were quite responsive to the design of their retirement benefits, whereas younger workers did not adjust their labor supply. – Reproduced
773			_aJournal of Policy analysis and Management
906			_aRETIREMENT
942			_cAR