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 …

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 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 …

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 …

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 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 …