Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement … retirement if in turn they were willing to accept an actuarial reduction on their pension. It becomes evident that the maximum …