Caristo, Anna M. - Departamento de Economía, Facultad de Ciencias Sociales - 2011
: the rates of return are not sensitive to retirement ages if the number of years of service remains constant, and there are … large discontinuities in the rates of return associated to small changes in the length of service, mainly due to vesting … discontinuities in the internal rates of return and show some cases that help to understand the mechanics. Additionally, I verify that …