This paper investigates the responsiveness of individuals' retirement expectations to forward-looking measures of … pension wealth accumulations. While most of the existing literature on retirement has used cross-sectional variation to … identify the effects of pension and Social Security wealth on retirement behavior, we estimate fixed-effects regressions to …

This paper addresses two questions:(1) Are older persons' retirement ages significantly affected by the opportunities … for income from earnings,private pensions, and Social Security and for leisure at alternative retirement ages?; and (2 …) How large are the estimated responses? Our approach to modeling the retirement problem is a forward-looking one, in which …

We present a detailed analysis of the incentives that Social Security provides for continued work at older ages. We do … so using information on older males from the Health and Retirement Study over the 1980-1997 period to calculate the …

the ways in which pensions reward deferred retirement. The data imply that the present discounted value of total lifetime … income rises when people postpone retirement, but the size of the income increment varies with age. The data also show that … some pension plans encourage early retirement while others penalize it …

Study of Income Dynamics, we follow a cohort of white married males through their sixties to estimate a model of retirement … behavior. Using several definitions of retirement suggested in the literature, the results suggest that the two key policy … influence on retirement decisions. For example, our results suggest that a decrease in the implicit tax rate on earnings from …

broadly neutral with regard to work incentives. Exploiting variation in pension wealth and work incentives across different …

project document that social security program provisions can create powerful incentives for retirement that are strongly … incentives and examine how changing incentives may have affected retirement behavior … Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid …

little about their own pension plans, retirement behavior is strongly affected by pension incentives. We combine … administrative and self-reported pension data to measure the retirement response to actual and perceived financial incentives. We …This paper provides an answer to an important empirical puzzle in the retirement literature: while most people know …

separation rate in the system. A multinomial logit model of the retirement decision as a function of pension incentives, employee …Employers have been launching phased retirement programs to help workers navigate the transition from work to … retirement more effectively. This paper examines the experience of the phased retirement system for tenured faculty in the …

The typical family in the US is now a dual-earner couple, yet relatively few studies examine the retirement decision in … a household context. This paper explores how husbands' and wives' retirement behavior is influenced by their own … financial incentives from Social Security and private pensions and by spillover effects' from their spouses' incentives. I find …