期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2009
卷号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：This paper explores the effect of letting individuals choose their retirement age in a world of
uncertainty where there exist both defined benefit (DB) and defined contribution (DC) pension
plans. The paper shows that giving individuals the flexibility to determine when to retire is an
important tool for them when they are hedging against future uncertainty. It also finds that it is
preferable to let people make their retirement decision after rather than before the uncertainty is
lifted. Finally, it shows that shifting from DB to DC plans fosters the rate of activity of elderly
workers.
关键词：retirement decision, defined benefit defined contribution
