Erschienen:
Cambridge, Mass: National Bureau of Economic Research, September 1983
Erschienen in:NBER working paper series ; no. w1204
Umfang:
1 Online-Ressource
Sprache:
Englisch
DOI:
10.3386/w1204
Identifikator:
Reproduktionsnotiz:
Hardcopy version available to institutional subscribers
Entstehung:
Anmerkungen:
Mode of access: World Wide Web
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Beschreibung:
Using a new data file on pay and pensions, this paper presents and discusses new empirical evidence on how olde rworkers' income opportunities change as they age. It also develops a detailed description of private pension structures and the ways in which pensions reward deferred retirement. The data imply that the present discounted value of total lifetime income rises when people postpone retirement, but the size of the income increment varies with age. The data also show that some pension plans encourage early retirement while others penalize it