Rewards to Continued Work: the Economic Incentives for Postponing Retirement
28 Pages Posted: 28 Jun 2004 Last revised: 17 Oct 2022
Date Written: September 1983
Abstract
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.
Suggested Citation: Suggested Citation
Mitchell, Olivia S. and Fields, Gary S., Rewards to Continued Work: the Economic Incentives for Postponing Retirement (September 1983). NBER Working Paper No. w1204, Available at SSRN: https://ssrn.com/abstract=305581
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.