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 …

and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread … average for this cohort on the verge of retirement. When pensions and social security are included, wealth accumulated by the … HRS population to date is substantial. At their expected retirement date, using only the wealth accumulated by their mid …

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 …

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

Retirement Study? This article uses household wealth and labor market data from the Health and Retirement Study (HRS …) to investigate how the recent "Great Recession" has affected the wealth and retirement of those approaching retirement … age as the recession began, a potentially vulnerable population. The retirement wealth of people aged 53–58 in 2006 …

A structural econometric model of retirement of married couples is specified and estimated with recent panel data from … spouse, and perhaps husbands in particular, values retirement more once their spouse has retired. The opportunity set … accounts for peaks in the retirement hazards of each spouse, but coordination in opportunities is not responsible for …

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 simulates the retirement effects of the various elements of the proposals made by the President's Commission …. Simulations are based on a structural dynamic model of retirement and saving, estimated with data from the first five waves of the … Health and Retirement Study. The model posits that lifetime expected utility is constrained by an asset accumulation equation …

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 …

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 …