This paper examines the impact of economic and financial shocks on the retirement decision for different types of individuals. This task is challenging because financial exposure to the stock market has increased over the period used to estimate retirement models. Moreover, many factors...

Between 2001 and 2009 there was a substantial increase in the number of households nearing retirement age with potentially unsustainable mortgage payments. Many of these households must rearrange their mortgage obligations as they enter their retirement years. Even though most homeowners nearing...