000			01726cam a22003017 4500
001			w0654
003			NBER
005			20211020115426.0
006			m o d
007			cr cnu||||||||
008			210910s1981 mau fo 000 0 eng d
100	1		_aBulow, Jeremy I. _97030
245	1	0	_aEarly Retirement Pension Benefits / _cJeremy I. Bulow.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1981.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w0654
500			_aApril 1981.
520	3		_aEarly 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.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w0654.
856	4	0	_uhttps://www.nber.org/papers/w0654
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w0654
942			_2ddc _cW-PAPER
999			_c347944 _d306506