over Social Security reform and benefit levels, and how they affect claiming behavior and retirement. The purpose of this … the government reports as necessary to solve the crisis) in a dynamic life-cycle model of retirement, we are able to match … hypothesis that expectations over future benefits are affecting current behavior. We find that a mis-specified dynamic 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 …

approaching their retirement, the average person approaching retirement age is not likely to suffer a life changing financial loss … been greatly exaggerated. If there is any postponement of retirement due to stock market losses, on average it will be a … background information that corrects misperceptions about pension holdings of the retirement age population. Pension coverage is …

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 …

Postponing retirement will become increasingly important as a means to increase the labor force, its output and old age … retirement behavior. Using probit analysis of household survey data from 1960 to 2002, we estimate the impact of the pension …

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

Cross-national comparisons of data from developed countries offer useful insights into the retirement process and … Aging and Retirement (JSTAR) project, and we compare these with results in the U.S. Health and Retirement Study (HRS). We … examine the relative importance of health, wealth, family, and other factors in work and retirement at older ages cross …

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

Existing research on retirement behavior tends to ignore "conventional" or "focal" or "usual" retirement ages in the … observed spikes in the retirement hazard at age 62 and 65. This paper, in contrast, focuses on a direct measure of "usual …" retirement age, based on a question that has been included in each wave of the Health and Retirement Study HRS). Using actual …