The labor supply response to critical aspects of the Social Security program depends on whether behavior is "myopic" (conditioned by current benefits only) or "far-sighted" (conditioned by the entire future benefit stream). This behavior reflects attitudes toward risk and ability to borrow, as...

This paper treats retirement as a dynamic process that may include partial retirement as well as market reentry, where partial retirement is defined as an earnings rate substantially be low one's lifetime peak. Transitions among the discrete states of full retirement, partial retirement, and...

If, as is usually assumed, older individuals face a continuous choice of work hours without fixed costs or take account of the actuarial adjustment of Social Security benefits postponed as a result of the earnings test, the earnings limit should not affect their labor supply before age...