This paper examines retirement and related behavioral responses to policies that on average are actuarially neutral …. Many conventional models predict that actuarially neutral policies will not affect retirement behavior. In contrast, our … rewards does not balance the loss from foregone current benefits. Using data from the Health and Retirement Study, we find …

This paper examines retirement and related behavioral responses to policies that on average are actuarially neutral …. Many conventional models predict that actuarially neutral policies will not affect retirement behavior. In contrast, our … rewards does not balance the loss from foregone current benefits. Using data from the Health and Retirement Study, we find …

Using data from the Health and Retirement Study, we examine behavioral responses to a new generation of retirement … will not affect retirement behavior, our model allows those with high-time preference rates to find that the promise of an … constraints facing those with high-time preference, we find that actuarially neutral policies do affect retirement behavior. One …

and of incentives for retirement, mobility and effort. Policies investigated include those regulating vesting, pension …

and of incentives for retirement, mobility and effort. Policies investigated include those regulating vesting, pension …

This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of … preferences. Sophisticated hyperbolic discounters may accumulate substantial amounts of wealth for retirement. We find it is … accumulation paths or consumption paths around the period of retirement. The simulations also suggest that, despite the much higher …

Simulations involving increasing the early entitlement age and increasing the delayed retirement credit do not show a …This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of … preferences. Sophisticated hyperbolic discounters may accumulate substantial amounts of wealth for retirement. We find it is …