This article uses Health and Retirement Study data to investigate the effects of Social Security's Windfall Elimination … Provision (WEP) and Government Pension Offset (GPO) on Social Security benefits received by households. The provisions reduce … pension and were not subject to Social Security payroll taxes (“noncovered” employment). We find that about 3.5 percent of …

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 … retirement model suggest that the long-run effects of changes in pension plans and social security account for about a quarter of …This article estimates the effects of changes in pension plans and social security in the 1970s and 1980s on the steady …

retirement activity at 62. Liquidity constraints from inability to borrow on Social Security and pension benefits add to this …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 …

Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … 51 to 61 in 1992, and obtains pension plan descriptions from respondents' employers. Pension accrual profiles, income and … wealth distributions by type, wealth-income ratios and accrued wealth by pension status are also explored …

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 …

W2 earnings. The empirical analysis is based on data from the Health and Retirement Study. These means tests would …

This paper uses data from the Health and Retirement Study to examine the effects of the Great Recession on the wealth … held by the near retirement age population from 2006 to 2012. For the Early Boomer cohort (ages 51 to 56 in 2004), real … part of the story. The assets held by members of the cohort nearing retirement at the onset of the recession would normally …

This paper uses data from the Health and Retirement Study to investigate the effects of Social Security's Windfall … Elimination Provision (WEP) and Government Pension Offset (GPO) provision on Social Security benefits received by individuals and … jobs where a pension was earned. WEP also reduces spouse benefits. GPO reduces spouse and survivor benefits for persons who …