scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level … of capital. The effect on pension payouts is in general ambiguous, except for the solution of full retirement, when this …

retirement age is significantly increased. This effect may end up jeopardizing the political sustainability of these NDC systems …

scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses … postpone retirement marginally toward the end of the working life. The chapter examines additional criteria (fairness …

other hand, conventional policy measures, such as increasing the retirement age or changing the social security contribution …

, poverty, retirement age and pension parameters. Answers are used to estimate a lifecycle utility model of preferences towards …

Is there evidence that households adjust their asset portfolios just prior to retirement in response to a means …

Using data from three waves of the General Social Survey on retirement and older workers (1994, 2002 and 2007), we … document the evolution of retirement patterns over the last three decades. We combined the analysis of retirement ages of … actual retirees with data on expected retirement ages of current workers to create a longer perspective on changes in …

We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health … consequences of delaying retirement by those workers. Causal inference relies on a social security reform in Israel that shifted …