Using 1977-2011 data from the Current Population Survey, this paper investigates the often-repeated claim that delayed retirement by baby boomers will result in higher unemployment among the young, a claim which has been garnering increased attention from the media during the Great Recession. It...

In this article, the authors use linked survey and administrative data to identify Social Security Disability Insurance applicants who received a denial at steps 4 and 5 of the Social Security Administration's sequential evaluation process for disability determination. The authors document the...

When Social Security's Full Retirement Age (FRA) increased to age 66 for recent retirees, the peak retirement age increased with it. However, a large share of people continue to claim their Social Security benefits at age 65. This paper explores two potential explanations for the...

Cognitive impairment has emerged as a major driver of disability in old age, with profound effects on individual well-being and decision-making at older ages. Decelerating its decline among the elderly is one of the main challenges for ageing societies. In the light of policies aimed at...

This paper investigates the impact of a Deferred Retirement Option Plan (DROP) on the age of retirement of employees covered by defined benefit pension plans provided by the City of Philadelphia. We show that the program results in significant and substantial increases in the age of retirement:...