Retirement income security refers to the ability of households to provide an adequate stream of income during the … period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non …-pension wealth holdings, (ii) defined contribution (DC) pension holdings, (iii) actual or expected defined benefit (DB) pension …

substantial amounts of wealth for retirement. We find it is frequently difficult to distinguish empirically between models with …This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of … the two types of preferences on the basis of asset accumulation paths or consumption paths around the period of retirement …

Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …

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. …

Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … period). These findings strongly suggest that the Wealth Decumulation (or Retirement Saving) Puzzle (the tendency of the … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the …

In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …