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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 …-income workers to retire as soon as they become eligible for the program, which is often earlier than the normal retirement age. …
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Health and Retirement Study merged to local house prices from the Federal Housing Finance Agency, we estimate the effect of … house-price changes on actual and planned retirement timing. While we find no effect of house-price changes on the annual … probability of retiring, we find that people respond to rising house prices by revising down their expected retirement age. We …
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