There is economic pressure to postpone the retirement age, but employers are still reluctant to employ older workers …

We investigate the size of the consumption drop at retirement in Italy by exploiting pension eligibility information to … correct for endogenous retirement. We take a regression discontinuity approach and assume that spending would be smooth around … pension eligibility if individuals did not retire. We estimate a 9.8 percent drop associated to retirement. This fall is not …

shifted responsibility for retirement security to individuals. A significant subset of the population is unlikely to be able … to sustain their standard of living in retirement without higher pre-retirement saving. …

We consider two life cycle models of labor supply that use nonconvexities to generate retirement. In each case we … derive a link between hours worked prior to retirement, the intertemporal elasticity of substitution for labor (IES), and the …