This paper treats retirement as a dynamic process that may include partial retirement as well as market reentry, where partial retirement is defined as an earnings rate substantially be low one's lifetime peak. Transitions among the discrete states of full retirement, partial retirement, and...

Estimated.impacts on borrowing costs from increased underwriting competition are combined with a survey of borrowers regarding anticipated responses to lower costs to derive the predicted increase in domestic financial activity from repeal of the Glass-Steagall Act. This increased.activity is...