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Pensions and Retirement: Evidence from Union Army Veterans

文献名称 Pensions and Retirement: Evidence from Union Army Veterans
文献作者 Dora L. Costa
作者所在单位 MIT
文献分类 已发表文献
学科一级分类 经济
学科二级分类 经济史
文献摘要 The author investigates the factors that fostered rising retirement rates prior to social security and most private-sector pensions by estimating the income effect of the first major pension program in the United Sates, that covering Union Army veterans. The elasticity of nonparticipation with respect to Union Army pension income was 0.73. The findings suggest that secularly rising income explains a substantial part of increased retirement rates. Comparisons with elasticities of nonparticipation with respect to social security income suggest that the elasticity of labor force nonparticipation may have decreased with time, perhaps because of the increasing attractiveness of leisure. Copyright 1995, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
参考文献
关键字 Pensions, Retirement
发表所在刊物(或来源) Quarterly Journal of Economics, 1995, vol. 110, issue 2, pages 297-319
发表时间 1995
适用研究领域
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