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 …

. Using data from the Health and Retirement Study and the Medical Expenditure Panel Survey, we estimate a dynamic programming … model of retirement that accounts for both saving and uncertain medical expenses. Importantly, we model the two key channels …

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 …

How does retirement influence subjective well-being? Some studies suggest retirement does not affect subjective well … of retirement on subjective well-being by (1) using longitudinal data to tease out the retirement effect from age and … retirement decisions; and (3) conducting cross-country analyses, exploiting differences in eligibility ages for retirement …

using a realistic and empirically-based life-cycle model of retirement behavior under uncertainty. We investigate the … individual’s retirement and savings decisions under incomplete information and unawareness, in which a portion of the population …

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

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 …

This project uses data from the Health and Retirement Study to examine, in the context of a structural retirement model …, the effects on retirement of non-wage aspects of employment emanating from firm side factors. Factors examined include … made by the employer when a person has a health problem, and retirement windows. The most important effects found pertain …

made within the household to incentives from Social Security and pensions. A structural model of family retirement decision … making is estimated using U.S. data from the Health and Retirement Study (HRS), which includes comparable labor market … when parameter estimates are based on the HRS data. This is particularly important because the responsiveness of retirement …

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 …