The Pension Acceptance Decision of Older Workers
This study focuses on factors related to an older worker's decision to accept a pension and on how this influences subsequent market work. A life-cycle model is used which emphasizes the asset nature of the pension decision and in particular includes changes in potential earnings streams due to the work restrictions imposed by a pension. The empirical results show that the timing of acceptance of a pension depends upon the actuarial value of the plan at different ages, not on payments in any one year. While health affects the pension decision, voluntary economic decision variables play a major role in the timing of pension acceptance for both the healthy and those in ill health.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:uwp:jhriss:v:14:y:1979:i:1:p:63-75. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.