We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform … increased women's normal retirement age (NRA) in two steps from age 62 to age 63 first and then to age 64. At the same time … retirement at the previous NRA became possible at a benefit discount. Since the reform affected specific birth cohorts we can …

This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in … from the 1969-79 Retirement History" Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a … structural" retirement model suggest that the long run effects of changes in pension plans and social security" account for about …

A structural dynamic model of retirement and saving is used to simulate the retirement effects of proposals made by the … reduce retirements at age 62 by roughly 4 percentage points, mitigating an 8.7 percentage point trend to earlier retirement …

A structural dynamic model of retirement and saving is used to simulate the retirement effects of proposals made by the … reduce retirements at age 62 by roughly 4 percentage points, mitigating an 8.7 percentage point trend to earlier retirement …

This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in … from the 1969-79 Retirement History" Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a … structural" retirement model suggest that the long run effects of changes in pension plans and social security" account for about …

approaching their retirement, the average person approaching retirement age is not likely to suffer a life changing financial loss … been greatly exaggerated. If there is any postponement of retirement due to stock market losses, on average it will be a … background information that corrects misperceptions about pension holdings of the retirement age population. Pension coverage is …

A structural retirement model is estimated using data for tenured, male faculty employed in the 1970's at 26 high … quality private colleges and universities. Simulations of raising and then abolishing the mandatory retirement age suggest … early retirement incentive programs would offset only a small fraction of the increase in work due to changes in mandatory …

This paper is based on a structural model of retirement and saving, estimated with data for a sample of married men in … the Health and Retirement Study. It explains the relation of specific features of Social Security - the benefit amount …, the early entitlement age, the normal retirement age, earnings test parameters, and the delayed retirement credit - to the …

This project uses data from the Health and Retirement Study to examine, in the context of a structural retirement model …, the effects on retirement of non-wage aspects of employment emanating from firm side factors. Factors examined include … made by the employer when a person has a health problem, and retirement windows. The most important effects found pertain …