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The Pension Inducement to Retire: An Option Value Analysis

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NBER1988-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2660
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The option value model developed in an earlier paper is used to simulate the effect on retirement of changes in a firm's pension plan compared to the effect of changes in Social Security provisions. The provisions of the firm's pension plan have a much greater effect than Social Security regulations
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1988-07-01
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