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A central question for pension design is how benefits should vary with the age of retirement beyond early eligibility age. It is often argued that in order to be neutral with respect to individual retirement decisions benefits should be actuarially fair, that is, the present value of additional...
Persistent link: https://www.econbiz.de/10011506463
The purpose of the present paper is to focus on the potential inducement to retire earlier in the presence of social security and on the implied effects on lifetime savings. This problem is analyzed within the framework of a model of intertemporal utility maximization. The organization of this...
Persistent link: https://www.econbiz.de/10012478944
Persistent link: https://www.econbiz.de/10014559843
A central question for pension design is how benefits should vary with the age of retirement beyond early eligibility age. It is often argued that in order to be neutral with respect to individual retirement decisions benefits should be actuarially fair, that is, the present value of additional...
Persistent link: https://www.econbiz.de/10001750202
Persistent link: https://www.econbiz.de/10003313353
A central question for pension design is how benefits should vary with the age of retirement beyond early eligibility age. It is often argued that in order to be neutral with respect to individual retirement decisions benefits should be actuarially fair, that is, the present value of additional...
Persistent link: https://www.econbiz.de/10013320043
The purpose of the present paper is to focus on the potential inducement to retire earlier in the presence of social security and on the implied effects on lifetime savings. This problem is analyzed within the framework of a model of intertemporal utility maximization. The organization of this...
Persistent link: https://www.econbiz.de/10013309596
Persistent link: https://www.econbiz.de/10014310106