TY  - BOOK
AU  - Bulow,Jeremy I.
ED  - National Bureau of Economic Research.
TI  - Early Retirement Pension Benefits
T2  - NBER working paper series
PY  - 1981///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - April 1981; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w0654
UR  - http://dx.doi.org/10.3386/w0654
ER  -