A systematic treatment concerned with the impact of variable retirement options on the design of efficient pension policies. The author analyzes induced retirement behavior in the presence of uncertain lifetimes and liquidity constraints and discusses the existence and direction of induced labor supply incompetencies. Includes an extensive survey of pension economics literature.
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A systematic treatment concerned with the impact of variable retirement options on the design of efficient pension policies. The author analyzes induced retirement behavior in the presence of uncertain lifetimes and liquidity constraints and discusses the existence and direction of induced labor supply incompetencies. Includes an extensive survey of pension economics literature.
Read Less