standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the … minimum pension program is a key welfare program and a major influence on the retirement decisions of low-income workers and … workers with erratic work histories. The design of many minimum pension programs tends to create strong incentives for low …

In this chapter, we review the evidence on retirement and study the role of incentives in the retirement decision. The … discrete drops in hours of work at the point of “retirement” are presented. We study the main retirement incentives that … individuals face and place these financial and other incentives in the context of a structural approach to modeling retirement. We …