The impact of the Pension Fund on the decision to work one more year
DOI:
https://doi.org/10.1016/S1057-0810(00)00053-6Keywords:
Net salary, Retirement, Defined benefit, Defined contribution, PensionAbstract
The decision to retire or work one more year is quite complex. One factor that plays a role in this decision is the net salary derived from working one more year. The type of pension a person has, defined benefit or defined contribution, will influence whether the net salary is larger than, equal to, or less than the stated salary. The larger the net salary relative to the stated salary, the more likely an employee is to continue working. This paper defines the net salary percentage for each type of pension plan and looks at empirical estimates for these values. © 2000 Elsevier Science Inc. All rights reserved.
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