other retirement income schemes. Using an option value approach, we find that individuals' labor force participation is …

Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be … identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most … prominent ones. We analyze the retirement decision of Belgian workers adopting an option value framework, and pay special …

increasing the program's full retirement age from 65 to 67 and increasing the penalty for claiming benefits at the early … retirement age of 62. These changes were phased in gradually, so that individuals born in or before 1937 were unaffected and … increase during the next two decades, as those fully exposed to the reduction in retirement benefit generosity reach their …

program participation. The paper shows the key role of integrating other forms of early retirement programs into the analysis … of (early-) retirement schemes. …

Oregon's Public Employees Retirement System (PERS) is a rich setting in which to study the effect of pension design on … employer costs and employee retirement-timing decisions. PERS pays retirees the maximum benefit calculated using three formulas … employer's perspective, we show that this "maximum benefit" calculation is costly. Average ex post retirement benefits are 54 …

Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the … methodology to study retirement behavior used in the second phase to focus in particular on the effects of the DI programs. The …

willing to pay 20 cents on average for a dollar increase in the present value of expected retirement benefits. The findings …

determining retirement, spousal, and survivor benefits, along with benefit adjustments that vary with the age at which these are … consistent with empirical evidence. We also confirm predictions that wives will claim retirement benefits earlier than husbands …

This paper uses data from the Health and Retirement Study to examine the effects of the Great Recession on the wealth … held by the near retirement age population from 2006 to 2012. For the Early Boomer cohort (ages 51 to 56 in 2004), real … part of the story. The assets held by members of the cohort nearing retirement at the onset of the recession would normally …

This paper uses data from the Health and Retirement Study to investigate the effects of Social Security's Windfall … before retirement. Households affected by both WEP and GPO lose about one third of their benefit. Limiting the reduction in …