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 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 …

For married men, we find the conventional view of retirement trends - that the long term trend to early retirement has … the Health and Retirement Study (HRS) suggest that for those in their fifties, over the periods 1992 to 1998 and 1998 to … 2004, the trend to early retirement reasserted itself and labor force participation fell. In contrast, for those in their …

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 …

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 …

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 …

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 …

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 …