the one hand and old-age labor force participation or early retirement on the other hand. We explore how both are linked … features and reforms of the pension system since the 1960s. Then we show how mortality, health and labor force participation of … the elderly have changed since the 1970. While mortality (as our main measure of health) has continuously decreased and …

mortality below age forty generates productivity gains, which in turn may explain why the positive correlation between health …

Life expectancy in the United States fares poorly in international comparisons, primarily because of high mortality … blood pressure or cholesterol. We consider in greater depth mortality from prostate cancer and breast cancer, diseases for … dominant role. We show that the US has had significantly faster declines in mortality from these two diseases than comparison …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by …

Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the … in mortality over time and in particular the relationship between mortality and labor force participation, thinking of … mortality as one indicator of health that is comparable across countries and over time in the same country. We then consider how …

This paper examines retirement and related behavioral responses to policies that on average are actuarially neutral …. Many conventional models predict that actuarially neutral policies will not affect retirement behavior. In contrast, our … rewards does not balance the loss from foregone current benefits. Using data from the Health and Retirement Study, we find …

Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid … project document that social security program provisions can create powerful incentives for retirement that are strongly … affect retirement, whether there is a link between older employment and youth unemployment, and whether older individuals are …

the fact that the state retirement pension does not become available to men until age 65, half of men aged 60-64 were … economically inactive in the mid 1990s. The main element of the state retirement pension is flat rate, and for most people is … earned as a result of extra contribu- tions. Overall the state retirement pension system offers no incentives for people to …

Improved understanding of retirement behavior is a key to better understanding of many important economic problems. In … the period we study the retirement patterns of a cohort of white males: 28% on average between 1970 and 1972, with the … of most active retirement behavior (ages 58-67) over a period of abrupt change in the economic incentives surrounding …

model of retirement and wealth. The model is then used to simulate the effects of abolishing the remainder of the Social … Security earnings test, between age 62 and the full retirement age. Estimates are based on data for married men from the first … six waves of the Health and Retirement Study. From age 62 through the full retirement age, the earnings test reduces the …