This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in … from the 1969-79 Retirement History" Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a … structural" retirement model suggest that the long run effects of changes in pension plans and social security" account for about …

We analyze older individuals' debt and financial vulnerability using data from the Health and Retirement Study (HRS …

This paper advances the specification and estimation of models of retirement and saving in two earner families. The … complications introduced by the interaction of retirement decisions by husbands and wives have led researchers to adopt a number of … simplifications to increase the feasibility of estimating family retirement models. Our model relaxes these restrictions. It includes …

accumulated for retirement. This paper addresses three important adjustments channels to dampen these detrimental effects of … ageing: investing abroad, endogenous human capital formation and increasing the retirement age. Although non of these … retirement age has strong effects. Under these adjustments maximum welfare losses of demographic change for households alive in …

examination of the potential magnitudes of such bequests and of their effect on retirement annuities and asset accumulation. The … most likely form of bequest, the preretirement bequest' made when employees die before normal retirement age, reduces the … funds available for post-retirement annuities by about 16 percent or, equivalently, requires a one-sixth increase in the …

pensions, and Social Security profiles available at alternative retirement ages. Then we examine four specific changes in the … structure of Social Security benefits: raising the normal retirement age, delaying the cost-of-living adjustment, lowering early … retirement benefits, and increasing late retirement payments. Behavioral parameters are estimated using an ordered logit model of …

longitudinal examination of pension retirement incentives in several dozen plans observed between about 1960 to 1980. The plans … under study instituted many changes over this period, several of which enhanced the financial payoff to early retirement …. These alterations included increases in benefit levels, reductions in early, normal and mandatory retirement ages, and cuts …

provisions on the key incentives emphasized in the pension literature, incentives affecting the retirement, turnover and shirking …

A program of Personal Retirement Accounts (PRAs) funded by deposits equal to 2.3 percent of earnings (up to the Social … Security maximum) would permit retirees to receive more income in retirement than with the current Social Security program … retirement income and stabilize the Social Security payroll tax, but would also substantially increase national saving and GDP …

This paper estimates a structural model of family retirement using U.S. data from the Health and Retirement Study (HRS … descriptions. We find that a measure of how much each spouse values being able to spend time in retirement with the other accounts … for a good portion of the apparent interdependence of the retirement decisions of husbands and wives. When we include this …