Oregon's Public Employees Retirement System (PERS) is a rich setting in which to study the effect of pension design on … employer costs and employee retirement-timing decisions. PERS pays retirees the maximum benefit calculated using three formulas … employer's perspective, we show that this "maximum benefit" calculation is costly. Average ex post retirement benefits are 54 …

Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the … methodology to study retirement behavior used in the second phase to focus in particular on the effects of the DI programs. The …

willing to pay 20 cents on average for a dollar increase in the present value of expected retirement benefits. The findings …

determining retirement, spousal, and survivor benefits, along with benefit adjustments that vary with the age at which these are … consistent with empirical evidence. We also confirm predictions that wives will claim retirement benefits earlier than husbands …

This paper uses data from the Health and Retirement Study to examine the effects of the Great Recession on the wealth … held by the near retirement age population from 2006 to 2012. For the Early Boomer cohort (ages 51 to 56 in 2004), real … part of the story. The assets held by members of the cohort nearing retirement at the onset of the recession would normally …

This paper uses data from the Health and Retirement Study to investigate the effects of Social Security's Windfall … before retirement. Households affected by both WEP and GPO lose about one third of their benefit. Limiting the reduction in …

pension benefits and DC balances for those approaching retirement, pensions account for more support in retirement than is …. Estimates from the Health and Retirement Study (HRS) for respondents in their early fifties suggest that pension wealth is about … Security. Our empirical analysis uses data from the Health and Retirement Study to examine the reasons for these differences in …

A central justification for social insurance and for other policies aimed at retirement savings is that individuals may … payroll taxes and other withholding to fund retirement savings as akin to an income tax, while largely ignoring the distant … future retirement benefits that they fund? If so, the distortion of labor supply may be many times higher than otherwise …

We analyze the influence of health and financial incentives on the retirement behavior of older workers in France …, building upon Stock and Wise (1990) option value approach. The model accounts for three main retirement routes: the normal … retirement, disability insurance (DI) and unemployment/preretirement pathways, and is estimated with a combination of …

other retirement income schemes. Using an option value approach, we find that individuals' labor force participation is …