In 1998, the Social Security Administration established the Retirement Research Consortium to encourage research on … policy communities. The Michigan Retirement Research Center (MRRC) participated in the Consortium from its inception until … 2019, when the MRRC expanded and became the Michigan Retirement and Disability Research Center. This article surveys a …

Using data from the Health and Retirement Study, we estimate reduced form retirement and wealth equations. The … retirement equation relates the probability of retiring to the quot;premium valuequot;, a forward looking measure of the future … simple models suggest that if the social security early retirement age were to be raised, more people would retire earlier …

state retirement of men. Work incentives associated with pension coverage and plan characteristics are calculated primarily … from the 1969-79 Retirement History Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a structural … retirement model suggest that the long-run effects of changes in pension plans and social security account for about a quarter of …

The Office of Retirement and Disability Policy at the Social Security Administration created the Retirement Research … foster communication between the academic and policy communities. The Michigan Retirement Research Center (MRRC) has …

This study examines retirement outcomes in the first four waves of the 1992-1998 Health and Retirement Study. Measured … retirement differs with the definition of retirement used and among various groups analyzed. Twenty-two percent of the sample … of less work to a state of more work. The large spike in the population of men leaving non-retirement at age 65 observed …

This paper specifies and estimates a structural life cycle model of retirement and wealth that explains the peaks in … retirement both at ages 62 and at 65. Our estimates suggest that leisure and time preference are widely distributed among the … retirement activity at 62. Liquidity constraints from inability to borrow on Social Security and pension benefits add to this …

Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth …

This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and … saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement … behavior. The model includes individual variation both in retirement preferences and in time preferences. Estimates are based …

A structural life cycle model of retirement and wealth attributes retirement peaks at both ages 62 and 65 to Social … Security early entitlement age to 64 induces 5 percent of the population to delay retiring, shifting the retirement spike from …

This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of … substantial amounts of wealth for retirement. We find it is frequently difficult to distinguish empirically between models with … the two types of preferences on the basis of asset accumulation paths or consumption paths around the period of retirement …