shifted a greater share of the responsibility for retirement security to individuals, and made that security more dependent on … retirement without higher pre-retirement saving … by mid-century. The aging of the U.S. population makes issues of retirement security increasingly important …

We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data … drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of …. These findings are consistent with the view that retirement decisions are driven by institutional constraints and incentives …

In this paper, we study how the portfolios of elderly U.S. households evolve after retirement, using data from the … Health and Retirement Study (HRS). In particular, we investigate the influence of aging and health shocks on a household …

After presenting the Gruber-Wise analysis showing a strong effect on retirement of implicit taxes from pension rules …, with particular attention to increasing "the retirement age." Calculations are presented showing the decreases in benefits … for an increase in the normal retirement age in the US and the years of service for a full benefit in France …

In most data sets of labor force participation of the elderly, an empirical regularity that emerges is that retirement … given the economic considerations that retirees typically face. This paper considers the puzzle of why retirement rates are …

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 …

Do the retirement patterns of public-sector workers differ from those in the private sector? Most private …-sector workers today face a do-it-yourself retirement income landscape characterized by an exposure to market forces through defined … typically covered by defined-benefit pension plans that both encourage retirement at relatively young ages and offer financial …

accumulated for retirement. This paper addresses three important adjustments channels to dampen these detrimental effects of … ageing: investing abroad, endogenous human capital formation and increasing the retirement age. Although non of these … retirement age has strong effects. Under these adjustments maximum welfare losses of demographic change for households alive in …