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 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 …