Volume 23, Number 1 (Winter) 1988
Hogarth, Jeanne M. 1988. "Accepting an Early Retirement Bonus: An Empirical Study." Journal of Human Resources 23(1):21-33.
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 stimulates acceptance behavior without the bonus, with probabilities of acceptance ranging from .11 to .30.
The author is an assistant professor in Consumer Economics and Housing at the New York State College of Human Ecology at Cornell University. She would like to thank W. Keith Bryant and Olivia Mitchell for comments and suggestions on earlier drafts. This research was supported by the Cornell University Agricultural Experiment Station.
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