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.
- Name
- Cause retirement effect
- 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)
