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examination of the potential magnitudes of such bequests and of their effect on retirement annuities and asset accumulation. The … most likely form of bequest, the preretirement bequest' made when employees die before normal retirement age, reduces the … funds available for post-retirement annuities by about 16 percent or, equivalently, requires a one-sixth increase in the …
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examination of the potential magnitudes of such bequests and of their effect on retirement annuities and asset accumulation. The … most likely form of bequest, the preretirement bequest' made when employees die before normal retirement age, reduces the … funds available for post-retirement annuities by about 16 percent or, equivalently, requires a one-sixth increase in the …
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effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that labor market participation and retirement behavior in general are strongly influenced by the level …
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