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Rewards to Continued Work: The Economic Incentives For Postponing Retirement / Olivia S. Mitchell, Gary S. Fields.
- Format:
- Book
- Author/Creator:
- Mitchell, Olivia S.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w1204.
- NBER working paper series no. w1204
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Rewards to Continued Work
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1983.
- Summary:
- 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.
- Notes:
- Print version record
- September 1983.
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