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dc.contributor.authorMarton, Jamesen_US
dc.contributor.authorWoodbury, Stephen A.en_US
dc.date.accessioned2012-06-29en_US
dc.date.accessioned2012-09-26T12:56:08Z-
dc.date.available2012-09-26T12:56:08Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/64384-
dc.description.abstractAre early retiree health benefits (RHBs) a form of deferred compensation that binds workers to an employer? Most employers who offer RHBs offer them only to workers who have 10 or more years of tenure with the firm and have reached age 55. Accordingly, workers in firms offering RHBs have an incentive to stay with a firm in the years before they attain eligibility for RHBs, and a greater incentive than otherwise to retire thereafter. We test for the existence of such a pattern of incentives by examining the age-specific relationship between workers' eligibility for RHBs and retirement. The findings suggest that workers in RHB-offering firms are less likely to retire at ages 50 and 51 than similar workers in firms that do not offer RHBs. Also, RHB-eligible workers aged 60 and 61 are more likely to retire than similar RHB-ineligible workers. Such a pattern is consistent with RHBs acting as part of a delayed-payment contract of the kind described by Lazear (1979, 1981).en_US
dc.language.isoengen_US
dc.publisherW.E. Upjohn Inst. for Employment Research Kalamazoo, Mich.en_US
dc.relation.ispartofseriesUpjohn Institute Working Paper 12-182en_US
dc.subject.jelH25en_US
dc.subject.jelI18en_US
dc.subject.jelJ26en_US
dc.subject.jelJ32en_US
dc.subject.jelM52en_US
dc.subject.ddc330en_US
dc.subject.keywordTax Subsidiesen_US
dc.subject.keywordHealth Insuranceen_US
dc.subject.keywordRetirementen_US
dc.subject.keywordEmployee Benefitsen_US
dc.subject.keywordDeferred Compensationen_US
dc.subject.keywordCompensation Methodsen_US
dc.titleRetiree health benefits as deferred compensation: Evidence from the health and retirement studyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn718510070en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Upjohn Institute Working Papers, W. E. Upjohn Institute for Employment Research

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