Early Retirement Pension Benefits /
Bulow, Jeremy I.
Early Retirement Pension Benefits / Jeremy I. Bulow. - Cambridge, Mass. National Bureau of Economic Research 1981. - 1 online resource: illustrations (black and white); - NBER working paper series no. w0654 . - Working Paper Series (National Bureau of Economic Research) no. w0654. .
April 1981.
Early retirement options alter the accrual of pension benefits, increasing the fraction of total benefits accrued in the early years of work. This is true regardless of whether de facto no worker exercises the early retirement option. No currently used actuarial method correctly calculates the cost of an early retirement option. Early retirement options must be considered in calculating age/compensation profiles. Furthermore, the early retirement option can effectively be used to encourage less productive older workers to retire, without the firm having to reduce the nominal salary of such workers.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Early Retirement Pension Benefits / Jeremy I. Bulow. - Cambridge, Mass. National Bureau of Economic Research 1981. - 1 online resource: illustrations (black and white); - NBER working paper series no. w0654 . - Working Paper Series (National Bureau of Economic Research) no. w0654. .
April 1981.
Early retirement options alter the accrual of pension benefits, increasing the fraction of total benefits accrued in the early years of work. This is true regardless of whether de facto no worker exercises the early retirement option. No currently used actuarial method correctly calculates the cost of an early retirement option. Early retirement options must be considered in calculating age/compensation profiles. Furthermore, the early retirement option can effectively be used to encourage less productive older workers to retire, without the firm having to reduce the nominal salary of such workers.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.