This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health … and Retirement Study (HRS), we first document that inheritance receipt is common among older workers - one in five … receipt is associated with a significant increase in the probability of retirement. In particular, we find that receiving an …

Security Programs and Retirement Around the World. The project was launched in the mid 1990s and was motivated by decades of … program provisions can create powerful incentives for retirement that are strongly correlated with the labor force behavior of … reforms of retirement incentives and employ micro-econometric methods in order to study whether the correlation between …

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 …

Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the … methodology to study retirement behavior used in the second phase to focus in particular on the effects of the DI programs. The …

retirement, with about one in seven men and one in nine women ages 60 to 64 now enrolled in the program. This study explores how … financial incentives from Social Security and DI affect retirement decisions, using an option value approach. We find that … financial incentives have a significant effect on retirement, particularly for those in poor health or with low education, who …

retirement behavior of older workers. Previous research examining the impact of wealth shocks on labor supply supports the … plausibility of this hypothesis. In this paper, we examine the relationship between stock market performance and retirement … behavior using the Health and Retirement Study (HRS), Current Population Survey (CPS), and Survey of Consumer Finances (SCF …

This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health … and Retirement Study (HRS), we first document that inheritance receipt is common among older workers %u2013 one in five … receipt is associated with a significant increase in the probability of retirement. In particular, we find that receiving an …

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 …

Retirement Study (HRS). I find that shocks lead the affected worker to reduce labor supply dramatically, particularly if the …