We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …

continue to work beyond a certain age by reducing the present discounted value of future retirement benefits. In discussions on … the effectiveness of policies aimed at eliminating this age-dependency in worker retirement decisions, it is often assumed ….S. pension scheme, that discounting plays a crucial role, since the formula for the present discounted value of future retirement …

biographies through sabbaticals, smoothing into early retirement, educational leave, palliative leave, part-time jobs or temporary …

Paper presents a survey of five different approaches to retirement decision analysis. Simple life cycle labour supply … retirement decision as a static approach. Comparative static version of this model enables the determination of income, wealth … and social security on retirement decisions, but does not include neither the preference parameters of the individual or …