relationship between social security provisions and retirement. The project relies on the analyses of a large group of economists … consistently show that program incentives accord strongly with retirement decisions. The magnitude is illustrated by the …, perhaps closer to 36 percent in the long run. On the other hand, an illustrative common reform'-- with early retirement at age …

delaying benefit claim for a period of time after retirement is optimal in a wide variety of cases and that gains from delay …

Our paper is an examination of the Social Security cost of smoking from an individual point of view. It is well known … that smokers have a shorter life expectancy than nonsmokers. This means that by smoking they are giving up potential Social … calculate expected Social Security taxes and benefits for each group, using median earnings as a base. We find that smoking …

The delayed retirement credit (DRC) increases monthly OASI (Old Age and Survivors Insurance) benefits for primary … beneficiaries who claim after their full retirement age (FRA). For many years, the DRC was set at 3.0 percent per year (0.25 percent …

We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil … the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate of …