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Rewards for Continued Work: The Economic Incentives for Postponing Retirement

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Show full item recordAuthor
Mitchell, Olivia S.; Fields, Gary S.
Abstract
This chapter develops empirical measures of the economic incentives for deferred retirement among older workers. Using a new data file on pay and pensions, we construct intertemporal budget sets reflecting income available to workers at alternative retirement ages. The analysis explores how continued labor force attachment is rewarded in terms of net earnings, Social Security benefits, and private pension income.
Date Issued
1985-01-01Subject
deferred retirement; incentives; pensions; Social Security
Rights
Required Publisher Statement: © National Bureau of Economic Research. Reprinted with permission. All rights reserved.
Type
book chapter