This paper shows that households who enter retirement with low wealth consistently followed non-permanent income … consumption behavior of these households early in their lifecycle. It is shown that these low pre-retirement wealth households had … consumption rules during their working years. Using the Panel Study of Income Dynamics (PSID), household wealth in 1989 is …

This paper shows that households who enter retirement with low wealth consistently followed non-permanent income … low pre-retirement wealth households had consumption growth that responded to predictable changes in income during their … concluded that households who entered retirement with lower than predicted wealth consistently followed near sighted consumption …

is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly …

is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly …

Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement …

We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers …' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data …