What Is an Early Retirement Incentive?

As a result of the retirement effect, people who are protected by the system have an incentive to retire earlier (more inclined to retire early) than those who are not protected, and early retirement will lead to an extension of the expected retirement time, which requires the accumulation of More savings.

Cause retirement effect

Right!
As a result of the retirement effect, people who are protected by the system have an incentive to retire earlier (more inclined to retire early) than those who are not protected, and early retirement will lead to an extension of the expected retirement time, which requires the accumulation of more More savings.
Chinese name
Cause retirement effect
Foreign name
(Induced Retirement Effect)
proposer
Feldstein
Place of presentation
Harvard University
Compared with those who are not protected, those who are protected by the system have incentives to retire earlier (more inclined to retire early), and early retirement will lead to an increase in expected retirement time, which requires more savings to be accumulated before retirement. This phenomenon was called "Induced Retirement Effect" by Feldstein (Harvard Professor Matin Feldstein)

IN OTHER LANGUAGES

Was this article helpful? Thanks for the feedback Thanks for the feedback

How can we help? How can we help?