NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Retirement Pay and Officer Retention

Jeffrey S. Smith, James E. West

NBER Working Paper No. 18502
Issued in November 2012

---- Acknowledgements -----

The views expressed in this paper reflect those of the authors and do not necessarily reflect the official policy or position of the U.S. Air Force, Department of Defense, the U.S. Government, or the National Bureau of Economic Research.. This article was completed under a Cooperative Research and Development Agreement with the US Air Force Academy. We would like to thank Scott Seggerman, Andrew Smith and Vanessa Johnson from the Defense Manpower Data Center. We could not have conducted this research without their support providing us with the data. Thanks to D. Bruce, A. Gustman, A. Samwick, and participants in the NBER Conference on State and Local Pensions.

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