We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as … retirement, and progress through their retirement years, and (b) labor force participation declined and thus earnings became less … important with age, while Social Security and retirement savings rose as a proportion of annual income …

As Americans work longer in response to a changing retirement landscape, it is important to ask whether there are … disparities in the employment of prime-age individuals. In this study, we explore the geography of retirement using data from the …

The delayed retirement credit (DRC) increases monthly OASI (Old Age and Survivors Insurance) benefits for primary … beneficiaries who claim after their full retirement age (FRA). For many years, the DRC was set at 3.0 percent per year (0.25 percent …

human capital towards the end of the life cycle which responds to changes in the rules. Retirement arises endogenously as … (which is typically assumed exogenous in the retirement literature), an endogenous retirement decision (which is typically …

This paper documents trends over the last two decades in retirement behavior and retirement income choices by …, the average retirement age rose by approximately 1.3 years for female and 2 years for male participants. There is … retirement. Later retirement and lags between retirement and the first retirement income payout led to a growing fraction of …

We propose using penalized withdrawals from retirement savings accounts, identified from U.S. tax records, as a …

This chapter analyzes the implications of the unexpected 2020-2021 COVID-19 pandemic for work and retirement in the U … retirement to an aging population. Boosted by the huge CARES (March 2020) and ARPA (April 2021) rescue packages, the early …-up call to the danger that shocks from the natural world pose to work and retirement. Realistic planning for the future of …

financial shocks. One consequence of this financial vulnerability is that many individuals use a portion of their retirement … before retirement (Argento, Bryant, and Sabelhaus 2015). We explore the practical considerations and challenges associated … with helping households accumulate liquid savings that can be deployed when urgent pre-retirement needs arise …

We study how increases in the Social Security full retirement age (FRA) affect benefit claiming and retirement behavior … in the FRA strongly and immediately shift claiming ages, retirement ages exhibit persistent "stickiness" at the old FRA … of 65. We use several strategies to explore the likely mechanisms behind the stickiness in retirement, and we find …