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Retirement Incentives: The Interaction between Employer-Provided Pensions, Social Security, and Retiree Health Benefits / Robin L. Lumsdaine, James H. Stock, David A. Wise.
- Format:
- Book
- Author/Creator:
- Lumsdaine, Robin L.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4613.
- NBER working paper series no. w4613
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Retirement Incentives
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1994.
- Summary:
- Proposed changes in the U.S. Social Security provisions include increasing the normal retirement age from 65 to 67 and changing from 3% to 8% the increase in benefits for each year that retirement is delayed after normal retirement. The paper considers the interaction between these changes and the provisions of employer-provided pension plans. For persons with an employer-provided defined benefit plan, the conclusion is that the Social Security changes will have little effect on labor force participation, but that changes in the firm plan - like increasing the early retirement age - would have very large effects on labor force participation.
- Notes:
- Print version record
- January 1994.
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