Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/196760 
Year of Publication: 
2019
Series/Report no.: 
IZA Discussion Papers No. 12262
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This paper provides new insights into the longstanding empirical issue of whether the type of workplace saving plan (a "traditional" registered pension plan or RPP, a "flexible" group registered retirement savings plan or group RRSP, and a "hybrid" arrangement of the two) affects employee voluntary job separations. We use a Canadian employer–employee matched dataset that provides information on both job transitions and the types of workplace saving plans being held by employees and offered by employers. This dataset allows us to control for employee self-selection and firm fixed effects. The standard prediction from implicit contract theory suggests that traditional pensions reduce quit rates but flexible plans have little effect due to their portability. The results are partially consistent with this prediction. Implications of these findings for current public policy are discussed.
Subjects: 
implicit contract theory
flexible retirement saving plan
traditional pension
voluntary job separation
self-selection
fixed effects
JEL: 
J26
J32
J63
Document Type: 
Working Paper

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