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Accepting an Early Retirement Bonus an Empirical Study

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  • Jeanne M. Hogarth

Abstract

The presence of special early retirement bonuses can change the work incentives of older workers. This study applies a pension acceptance model to acceptance of an early retirement pension bonus; probabilities of acceptance range from.18 to.33. It also simulates acceptance behavior without the bonus, with probabilities of acceptance ranging from.11 to.30.

Suggested Citation

  • Jeanne M. Hogarth, 1988. "Accepting an Early Retirement Bonus an Empirical Study," Journal of Human Resources, University of Wisconsin Press, vol. 23(1), pages 21-33.
    • Handle: RePEc:uwp:jhriss:v:23:y:1988:i:1:p:21-33
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    Cited by:

    1. James H. Stock & David A. Wise, 1990. "The Pension Inducement to Retire: An Option Value Analysis," NBER Chapters, in: Issues in the Economics of Aging, pages 205-230, National Bureau of Economic Research, Inc.
    2. Robin L. Lumsdaine & David A. Wise, 1994. "Aging and Labor Force Participation: A Review of Trends and Explanations," NBER Chapters, in: Aging in the United States and Japan: Economic Trends, pages 7-42, National Bureau of Economic Research, Inc.
    3. Lumsdaine, Robin L. & Stock, James H. & Wise, David A., 1990. "Efficient windows and labor force reduction," Journal of Public Economics, Elsevier, vol. 43(2), pages 131-159, November.
    4. Stock, James H & Wise, David A, 1990. "Pensions, the Option Value of Work, and Retirement," Econometrica, Econometric Society, vol. 58(5), pages 1151-1180, September.
    5. Charles Brown, "undated". "Early Retirement Windows," Pension Research Council Working Papers 98-17, Wharton School Pension Research Council, University of Pennsylvania.
    6. repec:eee:labchp:v:3:y:1999:i:pc:p:3261-3307 is not listed on IDEAS
    7. Stephen L. Mehay & Paul F. Hogan, 1998. "The Effect of Separation Bonuses on Voluntary Quits: Evidence from the Military's Downsizing," Southern Economic Journal, John Wiley & Sons, vol. 65(1), pages 127-139, July.

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