منابع مشابه
Do Changes in Pension Incentives Affect Retirement
This paper investigates the responsiveness of individuals’ retirement decisions to forward-looking measures of pension accumulations. In contrast to previous research, we use within-person variation in retirement incentives and are able to control for unobserved heterogeneity in tastes for retirement by studying a panel of subjective retirement expectations. We confirm that individuals do respo...
متن کاملValuation, Optimal Asset Allocation and Retirement Incentives of Pension Plans
We provide a framework in which we link the valuation and asset allocation policies of defined benefits plans with the lifetime marginal productivity schedule of the worker and the pension plan formula. In turn, we examine the retirement policies that are implied by the primitives of the model and the value of pension obligations. Our model provides an explicit valuation formula for a stylized ...
متن کاملEarly Retirement Incentives and Student Achievement.
Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower-cost newer teachers. Combined with the aging of the teacher workforce, these ERIs are likely to change the composition of teachers dramatically in the coming years. We use exogenous variation from an ERI program in Illinois in t...
متن کاملDo changes in pension incentives affect retirement? A longitudinal study of subjective retirement expectations
This paper investigates the responsiveness of individuals’ retirement decisions to forward-looking measures of pension accumulations. In contrast to previous research, we use within-person variation in retirement incentives and are able to control for unobserved heterogeneity in tastes for retirement by studying a panel of subjective retirement expectations. We confirm that individuals do respo...
متن کاملPension integration and retirement benefits
The issue of retiree income is important in a time of proposed Social Security reform. In 1996, for example, the shares of aggregate income for those aged 65 or older were, on average, 40.3 percent from Social Security, 18.5 percent from employer pensions, 20 percent from employment, and 21.1 percent from assets and other forms of income. Integration of pension income with Social Security incom...
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ژورنال
عنوان ژورنال: Labour Economics
سال: 2017
ISSN: 0927-5371
DOI: 10.1016/j.labeco.2017.05.006