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. …

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 …

pensioners in the long run is the relationship between the pension system and the labour market. The timing of retirement … crucial for policymakers, especially in countries refraining from a systematic increase in the retirement age or that are even …