would expect that wealth accumulated before retirement would be used to augment consumption in later life, with the … implication that wealth should decline over time. The risk of large out-of-pocket medical expenditures is negligible in Denmark … explanations are not plausible for Denmark (and therefore also questionable for the U.S.). Our analysis instead attempts to explain …

Denmark we find that those in worse health and with less schooling are more likely to receive DI. The gradient of DI … college completion. Using an option value model that accounts for different pathways to retirement, applied to a period … spanning a major pension reform, we find that pension program incentives in general are important determinants of retirement …

-based eligibility age implemented by reform that Denmark launched in 2006. Absent treatment, younger workers not only have biased …

with annuities financed by Personal Retirement Accounts. We showed that such a combination could maintain the level of … retirement income projected in current Social Security law while avoiding a future increase in the payroll tax rate. The current … paper extends the earlier analysis in four ways: (1) We now specify that the funds deposited in the Personal Retirement …

programs inducing retirement? I suggest not, by formalizing the monopoly unionism model and showing how labor's interest in …

that Social Security's induced retirement motive is much more important for explaining differences among European countries … retirement, its generational incidence can be very different than the incidence of a pyramid scheme, even for those countries … where the induced retirement motive is not the dominant one. The possibility of induced retirement also makes it difficult …

so using information on older males from the Health and Retirement Study over the 1980-1997 period to calculate the …

This study examines retirement outcomes in the first four waves of the Health and Retirement Study. Measured retirement … is seen to differ, sometimes substantially, with the definition of retirement used and among various groups analyzed …. Moreover, these differences vary with the wave of the survey as respondents age. Retirement is comprised of a complex set of …

approaching retirement. It is not only households with low incomes that save little; a significant proportion of high income … different levels of asset accumulation by the time retirement age approaches …

delaying benefit claim for a period of time after retirement is optimal in a wide variety of cases and that gains from delay …