TY  - JOUR
AU  - Lumsdaine,Robin L.
AU  - Stock,James H.
AU  - Wise,David A.
TI  - Retirement Incentives: The Interaction between Employer-Provided Pensions, Social Security, and Retiree Health Benefits
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4613
PY  - 1994
Y2  - January 1994
UR  - http://www.nber.org/papers/w4613
L1  - http://www.nber.org/papers/w4613.pdf
N1  - Author contact info:
Robin L. Lumsdaine
Kogod School of Business
American University
4400 Massachusetts Avenue NW
Washington, DC 20016
Tel: 202/885-1964
E-Mail: robin.lumsdaine@american.edu

James H. Stock
Department of Economics
Harvard University
Littauer Center M27
Cambridge, MA 02138
Tel: 617/496-0502
Fax: 617/495-7730
E-Mail: James_Stock@harvard.edu

David A. Wise
Harvard Kennedy School
79 John F. Kennedy
Cambridge, MA   02138
E-Mail: dwise@nber.org
M1  - published as Robin L. Lumsdaine, James H. Stock, David A. Wise. "Retirement Incentives: The Interaction between Employer-Provided Pensions, Social Security, and Retiree Health Benefits," in Michael D. Hurd and Naohiro Yashiro, editors, "The Economic Effects of Aging in the United States and Japan" University of Chicago Press (1996)

AB  - Proposed changes in the U.S. Social Security provisions include increasing the normal retirement age from 65 to 67 and changing from 3% to 8% the increase in benefits for each year that retirement is delayed after normal retirement.  The paper considers the interaction between these changes and the provisions of employer-provided pension plans.  For persons with an employer-provided defined benefit plan, the conclusion is that the Social Security changes will have little effect on labor force participation, but that changes in the firm plan - like increasing the early retirement age - would have very large effects on labor force participation.
ER  -