Public sector workers and job security

Munnell, Alicia Haydock, and Rebecca Cannon Fraenkel. “Public sector workers and job security”. State and Local Pension Plans 31, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, May 2013. http://hdl.handle.net/2345/bc-ir:103848.
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Abstract

The brief's key findings are: (1) State and local government employment dropped sharply during the Great Recession, unlike in previous recessions, and continues to decline even today. (2) But this decline in public sector employment was less severe than that experienced by the private sector. (3) Being a state/local worker reduced the probability of job loss by 2 percentage points, after controlling for education and other characteristics. (4) While this relative job security is an attractive aspect of state/local employment, it is not enough to tip the balance of total compensation in favor of public workers.

Title
Public sector workers and job security
Author
Munnell, Alicia Haydock
Fraenkel, Rebecca Cannon
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
May 2013
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
31
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:103848
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

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