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 …

Health and Retirement Study. Yet, among retirees such withdrawals can supplement regular retirement income to finance …-paying jobs that are predominantly held by those with high education. Because of the greater frequency of IRA and pension …

of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement well-being would do …

The most common metric for assessing the adequacy of economic preparation for retirement is the income replacement rate …, the ratio of income after retirement to income before retirement. However both economic theory and common sense say that …, which is the measure we use. We define and estimate measures of economic preparation for retirement based on a complete …

Most assessments of the adequacy of retirement resources are expressed as a comparison of preretirement income to … immediate post-retirement income. Yet, among couples a substantial fraction of retirement years is eventually spent by the … Activities Mail Survey and apply these to assessments of adequacy of retirement resources …

benefits. Using data from six waves of the Health and Retirement Study, we analyze the dynamics of portfolio composition before …

In this paper we use data from the Health and Retirement Study to examine differences in retirement behavior, wealth … then estimate models jointly explaining retirement and wealth by race and gender. We decompose differences in outcomes into …

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 …

This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of … behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of … retirement decisions of husbands and wives. Estimation is based on panel data from the Health and Retirement Study covering the …