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401(k) Plans Causing People to Work Longer (PDF)
Leora Friedberg and Anthony Webb, University of California, San Diego 
Mar. 26, 2001 Working paper. Excerpt: The rapid growth of 401(k) and other defined contribution pension plans may alter retirement patterns of older workers.... Our estimates indicate that the financial incentives in defined benefit pensions lead people to retire almost two years earlier on average, compared to people with defined contribution plans. MORE >> |
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