Americans face the challenges of retirement with varying degrees of preparation. Evidence indicates that that many … individuals may not be making the best possible choices with respect to their Social Security and retirement savings. We assess … the subjective expectations of non-retirees and find that they have sizable biases and uncertainty about future retirement …

role of noncognitive skills and personality traits on an individual's preparation for retirement and financial capability …. In a world where individuals are increasingly asked to take responsibility for retirement preparations and when available … retirement preparation could help effective policy design …

variables including wealth, the timing of retirement, investments in health, and decisions about end-of-life care …

The U.S. has long incentivized retirement saving in 401(k) and similar retirement accounts by permitting workers to … defer taxes on contributions, levying them instead when retirees withdraw funds in retirement. This paper develops a dynamic … low- versus higher-paid workers. We conclude that moving to a system that taxes pension contributions instead of …

State and local government pension plans cover about 19.5 million participants, and many participants are heavily … reliant on these pensions for retirement income. Most of these plans, however, are underfunded. Based on data from the Health … and Retirement Study, we examined the lifetime work histories of those observed at ages 67 to 72 in 2004, 2008, or 2014 …

This paper uses data from the Health and Retirement Study to investigate the effects of Social Security’s Windfall … Elimination Provision (WEP) and Government Pension Offset (GPO) provision on Social Security benefits received by individuals and … jobs where a pension was earned. WEP also reduces spouse benefits. GPO reduces spouse and survivor benefits for persons who …

search behavior of households. The research finds that, even though a direct transition from a career job to full retirement …

background information that corrects misperceptions about pension holdings of the retirement age population. Pension coverage is … benefit plan. Lastly, women approaching retirement age are more likely to be covered by a pension than are women from earlier … approaching their retirement, the average person approaching retirement age is not likely to suffer a life changing financial loss …

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 …