Coile, Courtney - National Bureau of Economic Research (NBER) - 2015
retirement, with about one in seven men and one in nine women ages 60 to 64 now enrolled in the program. This study explores how … financial incentives from Social Security and DI affect retirement decisions, using an option value approach. We find that … financial incentives have a significant effect on retirement, particularly for those in poor health or with low education, who …