to those rules. This research derives a theory of retirement that views retirement as a special type of labor supply … proposals that affect Social Security. This research examines how retirement age varies with generosity of Social Security … benefits. A ten-percent reduction in the value of benefits would lead individuals to postpone retirement by between one …

recipients and my Social Security account holders highly value the information therein for retirement planning. Recipients … statistically significant effects on retirement savings, although additional research is required for estimating heterogeneous …

Security benefits before or after their Full Retirement Age (FRA). We derive the conditions under which these adjustments are … beneficiaries in 1980, respectively. The improvement is largely due to the increases in the Delayed Retirement Credit. For men … (further) increases in the retirement ages, as recommended by the President's 2010 Fiscal Commission, and propose alternatives …

This paper specifies three behavioral variants of a structural model of retirement and saving to bring predicted Social … Security claiming rates closer to the rates observed in the data. The model, estimated with Health and Retirement Study data …, is used to examine three potential policies: increasing early entitlement age, increasing normal retirement age, and …

In this paper we used the Health and Retirement Study to examine the health and economic status of those who collect … Social Security retirement benefits prior to the full retirement age. We used a propensity score reweighting method to … estimate the fraction of early retirees who use early retirement benefits as a safety net against deteriorating health and who …

. The new system tightened access to early pensions, replaced an actuarially unfair defined benefit plan with an actuarially …

quality of date of birth data in administrative files. We then assess the impact of changes in retirement incentives that have … do not have single-peaked preferences over claiming age: relaxing the early retirement constraint leads to acceleration … of retirement by some people for whom the constraint would not be otherwise binding. One possible explanation for this …

The labor supply and benefit claiming incentives provided by the early retirement rules of the Social Security Old Age … benefits program are of growing importance as the Normal Retirement Age (NRA) increases to 67, the labor force participation of … Health and Retirement Survey. We then investigate the importance of the Earnings Test limits for work and claiming behavior …

This paper analyzes the effect of a potential reform to the Social Security system on individuals' retirement and … orderings and endogenous retirement. Our framework allows the possibility of disability. The specification predicts a change in … consumption at retirement; we use the empirical magnitude of the change, together with desired retirement age, to identify key …

This paper is based on a structural model of retirement and saving, estimated with data for a sample of married men in … the Health and Retirement Study. It explains the relation of specific features of Social Security - the benefit amount …, the early entitlement age, the normal retirement age, earnings test parameters, and the delayed retirement credit - to the …