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 …

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 …

We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … and employer-provided pensions for which employees are (or ultimately will be) eligible. These data permit us to specify … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil …

, in particular of public pensions. Current costs are high, and the pressures will increase due to population aging and …, an indexation of benefits to the dependency ratio, measures to stop the current trend towards early retirement, an … adaptation of the normal retirement age to increased life expectancy, and more reliance on private savings - elements of a …

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 …

traditional PAYGO pensions.) We find that the basic NDC scheme is effective at preventing excessive debt accumulation, but does …

The data show that an increase in government provided old-age pensions is strongly correlated with a reduction in … them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker …

. Individuals save a fraction of wages in a Personal Retirement Account (PRA) invested in a 60:40 equity-debt mix and receive a … expected incremental corporate tax revenue that results from the Personal Retirement Account saving. Additional tax revenue is … one third of the long-run projected payroll tax, invested in a 60:40 equity-debt Personal Retirement Account could provide …

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 …