consumer who can select her hours of work and also her retirement age. Using a realistically-calibrated model with stochastic … work effort by the young; and markedly enhances lifetime welfare. Also, introducing annuities leads to earlier retirement … older ages as well as sensible retirement age patterns …

We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clear-cut, but go in the same direction …

Cognitive Economics Study and the Health and Retirement Study, we find strong evidence that individuals in financial occupations …

affected Social Security benefits and taxes. The analysis uses data from the Health and Retirement Study to ask how different … stream and faced the same benefit formula. We find that for those in the Early Boomer cohort of the Health and Retirement …

How do low-income households think about retirement? Do they think about retirement? If so, when do they think they … think about retirement, although this does not necessarily mean they are able to plan and/or save actively for retirement …

willing to take some risk, investments in the stock market could increase their economic preparation for retirement, and …

flow utility, and retirement is endogenous. We develop a rich, numerical life-cycle model to study the complex … interrelationship between health and wealth and the age of retirement. The decision to retire depends on a number of factors including … features in a computational model of optimal wealth and retirement decisions, solving the model household-by-household using …

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 …

receive a lump sum as a payment for delayed retirement rather than as an addition to their lifetime Social Security benefits … lump sum, and we also examine the consequences of such tradeoffs for work, retirement, and life cycle wellbeing. Our base … case indicates that workers given the chance to receive their delayed retirement credit as a lump sum payment would boost …

experienced by all workers in this recession, could mean that laid-off disabled workers in their pre-retirement years may never … return to work. In this paper, we use data from the 2004-2010 waves of the Health and Retirement Study to examine how the …-being of disabled individuals nearing retirement …