pillar: (i) moving from a mere retirement savings investment fund to a fully-fledged pension fund that offers some minimum … annuities; or (ii) more radically, moving the benefits toward a Non-Financial Defined Contribution scheme with the fund …

We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clear-cut, but go in the same direction …

As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …

Security rules, lifetime earnings, pension coverage, wages, health, health insurance, and the educational composition of the …

first five waves of the Health and Retirement Study. We also provide model simulations for two widely discussed reform …

We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to … technological change along with the increase in the generosity of health insurance may explain independently 53% of the rise in … health spending (insurance 29% and technology 24%) while income less than 10%. By simultaneously occurring over this period …