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- Title
Pensions and retirement behaviour.
- Authors
Burbidge, John B.; Robb, A. Leslie
- Abstract
Abstract. This paper employs a lifecycle model to analyse the theoretical effects on an individual's retirement behaviour of pension plans that are not actuarially fair. In addition it examines public and private pension plans in Canada and indicates that income effects are likely to be at least as important as substitution effects and that new plans may have effects which are very different from those of mature plans. In particular, the analysis suggests that empirical evidence drawn from the phase-in period of the Canada Pension Plan (1966-75) is misleading as to the effects of the mature plan on the age of retirement.
- Subjects
CANADA; PENSIONS; RETIREMENT; RETIREMENT benefits; INCOME
- Publication
Canadian Journal of Economics, 1980, Vol 13, Issue 3, p421
- ISSN
0008-4085
- Publication type
Article
- DOI
10.2307/134702