IDEAS home Printed from https://ideas.repec.org/h/nbr/nberch/6153.html
   My bibliography  Save this book chapter

Rewards for Continued Work: The Economic Incentives for Postponing Retirement

In: Horizontal Equity, Uncertainty, and Economic Well-Being

Author

Listed:
  • Olivia S. Mitchell
  • Gary S. Fields

Abstract

Using a new data file on pay and pensions, this paper presents and discusses new empirical evidence on how olde rworkers' income opportunities change as they age. It also develops a detailed description of private pension structures and the ways in which pensions reward deferred retirement. The data imply that the present discounted value of total lifetime income rises when people postpone retirement, but the size of the income increment varies with age. The data also show that some pension plans encourage early retirement while others penalize it.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Olivia S. Mitchell & Gary S. Fields, 1985. "Rewards for Continued Work: The Economic Incentives for Postponing Retirement," NBER Chapters,in: Horizontal Equity, Uncertainty, and Economic Well-Being, pages 269-292 National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:6153
    as

    Download full text from publisher

    File URL: http://www.nber.org/chapters/c6153.pdf
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michael D. Hurd, 1989. "Issues and Results from Research on the Elderly I: Economic Status (Part I of III Parts)," NBER Working Papers 3018, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:6153. 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: (). General contact details of provider: http://edirc.repec.org/data/nberrus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.