In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …

This study examines the impact of social security on the retirement of married men aged 60-70 years. The empirical … retiring) denoted SSW. This variable measures social security's effect on retirement. The estimated effects are significant and … considerable. When SSW in-creases from $35,000 to $55,000 the probability of retirement rises by .15 for 62-64 year olds relative …

Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid … project document that social security program provisions can create powerful incentives for retirement that are strongly … affect retirement, whether there is a link between older employment and youth unemployment, and whether older individuals are …

the fact that the state retirement pension does not become available to men until age 65, half of men aged 60-64 were … economically inactive in the mid 1990s. The main element of the state retirement pension is flat rate, and for most people is … earned as a result of extra contribu- tions. Overall the state retirement pension system offers no incentives for people to …

A structural retirement model is estimated using data for tenured, male faculty employed in the 1970's at 26 high … quality private colleges and universities. Simulations of raising and then abolishing the mandatory retirement age suggest … early retirement incentive programs would offset only a small fraction of the increase in work due to changes in mandatory …

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 …

Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …

Retirement income security refers to the ability of households to provide an adequate stream of income during the … period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non … that both Black and Hispanic households made remarkable progress in terms of mean and median retirement income, poverty …

From age 62 through the full retirement age, the earnings test reduces the share of married men who work full time by … least initially. If the earnings test were abolished between the early and full retirement ages, the share of married men … model of retirement and wealth. The model is then used to simulate the effects of abolishing the remainder of the Social …

much more attractive thanks to three factors: a more generous delayed retirement credit, improvements in mortality, and …