An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals … Retirement Study data, it does a better job of predicting claiming than previous versions. Alternative beliefs about the future … entitlement age, increasing the full retirement age, and eliminating the payroll tax for seniors. Predicted responses to …

"contributions" of employees and employers to the social security retirement and survivors fund …

Empirical analyses of retirement typically assume a single form of retirement. In this paper, I consider the … determinants of retirement in a competing risks model which allows for full and partial retirement. Simulation results indicate … that the large increase in Social Security benefits in the early 1970s has had moderate effects upon retirement, increasing …

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 …

We develop a life-cycle model of optimal retirement and savings behavior under complete markets where retirement is … proportionately, while, contrary to conventional views, reducing savings rates. The retirement age is not simply proportional to … retirement) and higher consumption (lower savings) …

This paper estimates reduced form retirement and wealth equations, and analyzes the relationship between them. Data are … from the first four waves of the longitudinal Health and Retirement Study, individuals born from 1931 to 1941. Single … equation retirement models relate the probability of retiring to forward looking measures of changes in the values of social …

optimally devote more of their savings to non-retirement accounts and less to 401(k) accounts, since the relative appeal of …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 …

This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no … tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of …") does decline more or less as predicted by the theory. No matter how they are defined, assets are a decreasing function of …