Response To Incentives

304 Words2 Pages
Responses to incentives not only vary person to person but also with time. As attitudes change so do household economic conditions change from month to month. A well laid financial plan can change causing the response to an incentive to dramatically change over time. Incentives related to employment income have to be met with well thought out responses.
Making a decision about when to retire can be difficult especially when deciding on an early retirement. I have not had to deal with the issue myself but I was offered the opportunity to be bought out of my position. In the case of my employment, the costs of taking the buyout package where greater than the benefits offered. This was mainly because I did not have several years of service behind
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