Work

Rewards to Continued Work: The Economic Incentives For Postponing Retirement

Year: 1983

Type: report

Abstract: Using a new data file on pay and pensions, this paper presents and discusses new empirical evidence on how older workers' 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.

Source: National Bureau of Economic Research

DOI: 10.3386/w1204

Authors: Olivia Mitchell, Gary Fields

Institutions: National Bureau of Economic Research, Cornell University, New York State Department of Labor, New York State School of Industrial and Labor Relations

Language: English

Topic: Retirement, Disability, and Employment

Subfield: Demography

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W1568326292

Cites: 14

Cited by: 11

Related to: 10