Bingley, Paul; Gubta, Nabanita Datta; Pedersen, Peder J. - Institut for Marketing og Organisation, Aarhus Universitet - 2001
The effects of pension programme incentives on retirement in Denmark are analysed in an option value framework. Using eligibility criteria and detailed entitlement rules for the five main publicly funded retirement programmes, we calculate social security wealth, one year pension accrual and...