The U.S. economy has recently experienced two, seemingly unrelated, phenomena: a large increase in post-retirement life … rely on financial intermediaries to save for post-retirement consumption. When expecting to live longer, they rely more …

We develop a life-cycle model of optimal retirement and savings behavior under complete markets where retirement is … caused by worsening health in old age. Our model explains the long-run decline in the age of retirement as an income level … effect. We show that improvements in health and longevity tend to increase the desired retirement age, though less than …

We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …

imprecisely estimated. Additional analysis suggests that the increase in male mortality is connected to retirement from the labor …

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 then use panel data from the Health and Retirement Study to investigate whether individuals' actual claiming behavior …

the one hand and old-age labor force participation or early retirement on the other hand. We explore how both are linked … childhood environment and early retirement by analyzing the retirement behavior of cohorts born during World War I, a period of … harsh living conditions among the civilian population in Germany. Our data show higher early retirement rates among those …

the effect of a simple scalable planning intervention on a repeated behavior using a randomized design involving 877 … weeks. In contrast to recent studies, we find that the planning intervention did not have a positive effect on behavior and … planning is helpful and despite clear evidence that they engaged with the planning process …