standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the … minimum pension program is a key welfare program and a major influence on the retirement decisions of low-income workers and …-income workers to retire as soon as they become eligible for the program, which is often earlier than the normal retirement age. …

and planned retirement timing decisions. Theory predicts that hyperbolic time preferences can lead to dynamically … inconsistent retirement timing. We find that time inconsistent participants retire on average 1.75 years earlier than time … consistent participants. Participants, who are not yet retired, decrease their planned retirement age as they grow older. This …

supply (choose earlier retirement) when life expectancy increases. This result reconciles the findings of Hazan [Hazan, M …

In this paper we explore the effects of the minimum pension program on welfare and retirement in Spain. This is done … by the minimum pension in aggregate retirement patterns. The impact is substantial: there is a threefold increase in … retirement at 60 (the age of first entitlement) with respect to the economy without minimum pensions, and total early retirement …

Previous research has repeatedly found a puzzling one-time drop in the mean and median of consumption at retirement … distributional component to the retirement consumption puzzle. …

the mechanisms that drive positive retirement program results, we find evidence that changes in individual health … the potential benefits of retirement programs resulting from social spillover effects. In addition, these programs may …

private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of … level of living standards in both working life and retirement. We use a life-cycle model of consumption and saving to … used to assess the adequacy of households' retirement resources suggests that using a simple replacement rate benchmark …