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Accepting an Early Retirement Bonus an Empirical Study

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  • Jeanne M. Hogarth
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    Abstract

    The presence of special early retirement bonuses can change the work incentives of older workers. This study applies a pension acceptance model to acceptance of an early retirement pension bonus; probabilities of acceptance range from.18 to.33. It also simulates acceptance behavior without the bonus, with probabilities of acceptance ranging from.11 to.30.

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    File URL: http://www.jstor.org/stable/pdfplus/145842
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    Bibliographic Info

    Article provided by University of Wisconsin Press in its journal Journal of Human Resources.

    Volume (Year): 23 (1988)
    Issue (Month): 1 ()
    Pages: 21-33

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    Handle: RePEc:uwp:jhriss:v:23:y:1988:i:1:p:21-33

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    Web page: http://jhr.uwpress.org/

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    Cited by:
    1. Robin L. Lumsdaine & David A. Wise, 1994. "Aging and Labor Force Participation: A Review of Trends and Explanations," NBER Chapters, in: Aging in the United States and Japan: Economic Trends, pages 7-42 National Bureau of Economic Research, Inc.
    2. Charles Brown, 2003. "Early Retirement Windows," Working Papers wp064, University of Michigan, Michigan Retirement Research Center.
    3. Robin L. Lumsdaine & James H. Stock & David A. Wise, 1990. "Efficient Windows and Labor Force Reduction," NBER Working Papers 3369, National Bureau of Economic Research, Inc.
    4. Stock, James H & Wise, David A, 1990. "Pensions, the Option Value of Work, and Retirement," Econometrica, Econometric Society, vol. 58(5), pages 1151-80, September.

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