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 asset and labor market data from the Health and Retirement Study (HRS) to investigate how the recent … "Great Recession" has affected the wealth and retirement of those in the population who were just approaching retirement age … at the beginning of the recession, a potentially vulnerable segment of the working age population. The retirement wealth …

This paper advances the specification and estimation of models of retirement and saving in two earner families. The … complications introduced by the interaction of retirement decisions by husbands and wives have led researchers to adopt a number of … simplifications to increase the feasibility of estimating family retirement models. Our model relaxes these restrictions. It includes …

This paper examines retirement and related behavioral responses to policies that on average are actuarially neutral …. Many conventional models predict that actuarially neutral policies will not affect retirement behavior. In contrast, our … rewards does not balance the loss from foregone current benefits. Using data from the Health and Retirement Study, we find …

. CPS and Health and Retirement Study (HRS) data indicate a corresponding difference of 3 percentage points between 1998 and … 2004. Simulations with a structural retirement model suggest changes in Social Security rules between 1992 and 2004 … men ages 65 to 67. These rule changes encourage deferring retirement from long term jobs, returning to full time work …

embeds that model of health dynamics in a structural, econometric model of retirement and saving. The health model traces the … current health status of the population reduces the retirement age of the entire population by an average of about one year …. While poor health or terrible health have a great impact on the disutility of work and thus on retirement, fair health as …

An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals … Retirement Study data, it does a better job of predicting claiming than previous versions. Alternative beliefs about the future … entitlement age, increasing the full retirement age, and eliminating the payroll tax for seniors. Predicted responses to …

This paper investigates the effect of the current recession on the near-retirement age population. Data from the Health … and Retirement Study suggest that those approaching retirement age (early boomers ages 53 to 58 in 2006) have only 15 … plans represent sixty five percent of their pension wealth. Simulations with a structural retirement model suggest the stock …

This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of … preferences. Sophisticated hyperbolic discounters may accumulate substantial amounts of wealth for retirement. We find it is … accumulation paths or consumption paths around the period of retirement. The simulations also suggest that, despite the much higher …

We evaluate potential determinants of enrollment in an early retirement incentive program for non … enroll in the early retirement program. To the extent that employees' compensation reflects their productivity, as it should …