pensions, and Social Security profiles available at alternative retirement ages. Then we examine four specific changes in the … structure of Social Security benefits: raising the normal retirement age, delaying the cost-of-living adjustment, lowering early … retirement benefits, and increasing late retirement payments. Behavioral parameters are estimated using an ordered logit model of …

The financing problems beleaguering the public pension system have again shifted the spotlight onto the retirement age …. This paper examines the impact of various reform options on the actual retirement choices of older workers. The paper …'. Our simulations show that the early-retirement pension adjustment factors introduced by the 1992 pension reform will, in …

Focal retirement ages are a central feature of Social Security programs around the world, and provide a potentially … powerful tool for policy makers who are interested in reforming retirement systems to address the growing funding shortfalls … retirement system in Finland, featuring a relabeling of retirement ages with modest and continuous changes in financial …

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 …

Does retirement behavior react predictably to economic incentives? Evidence on this question would be useful to policy … makers responsible for work and retirement programs affecting the elderly. This paper reviews the lessons and limitations of … recent economics literature on pensions, earnings, and retirement. Section I develops the life cycle context for analyzing …

This study examines empirically whether social security influences the retirement decisions of individuals. The …'s income and substitution effects are included in a model for examining retirement decisions. This model is based on the model … from the Social Security Administration and are particularly well suited for this study. Retirement models are estimated …

Improved understanding of retirement behavior is a key to better understanding of many important economic problems. In … the period we study the retirement patterns of a cohort of white males: 28% on average between 1970 and 1972, with the … of most active retirement behavior (ages 58-67) over a period of abrupt change in the economic incentives surrounding …

the effect of social security on the early retirement decision. Toward this end, section 2 presents a brief description of … some previous studies of retirement behavior. While each in its own way has been suggestive, each also (including one by … the elderly, and three approaches to analyzing a given body of data. We then propose a new way of estimating retirement …

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 …

pension formulas, I estimate the combined effect of Social Security and pension benefits on the probability of retirement in a … cross-section of the population near retirement age. The accrual rate of retirement wealth is shown to be a significant … determinant of the probability of retirement. Simulations of extensions in pension coverage comparable to those that occurred in …