Social Security retirement benefits can be claimed at any age between 62 and 70, with delayed claiming resulting in … and Retirement study, we show that individuals who turned 62 after 2000 are indeed more likely to delay than those who …

derive the optimal retirement portfolio from a menu that includes payout annuities as well as an investment allocation and a … withdrawal strategy, assuming risk aversion, stochastic capital markets, and uncertain lifetimes. The resulting portfolio … allocation, when fixed as of retirement, is then compared to phased withdrawal strategies such a %u201Cself-annuitization%u201D …

Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income … characteristics as well as risk preferences, time preferences, and financial literacy. The evidence is consistent with predictions … find that these groups of retirees report very different levels of well-being in retirement …

This paper examines the tilt and risk-return characteristics of real retirement incomes provided by variable annuities …

Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … 51 to 61 in 1992, and obtains pension plan descriptions from respondents' employers. Pension accrual profiles, income and … wealth distributions by type, wealth-income ratios and accrued wealth by pension status are also explored …

choices that increase after-tax income when exposed to the intervention. We find that our intervention improves both the … effects on after-tax lifetime-income for respondents by up to $1,900 per scenario presented …

Security income in retirement is a safer source ofincome than earnings earlier in life. The fully adjusted total income …This paper compares the well-being of the Retirement History Survey of the elderly with their own previous levels of … income and economic welfare. Traditional replacement rates are calculated, although a number of shortcomings of such measures …

This paper explores how an environment of persistent low returns influences saving, investing, and retirement behaviors … the (system-defined) Full Retirement Age of 66. In the context of a zero return environment, we show that workers will … optimally devote more of their savings to non-retirement accounts and less to 401(k) accounts, since the relative appeal of …

An economic theory of public and private pensions is developed, and the implications of the theory are compared with … are the effects of private and public pensions on savings and retirement decisions? …