responding to changes in their financial incentives to work. Taken together, our results suggest that the fiscal strengthening …

broadly neutral with regard to work incentives. Exploiting variation in pension wealth and work incentives across different …

I exploit unanticipated reforms to the Texas Teacher's pension plan to estimate the effect of pension incentives on … pension system. The reforms provide plausibly exogenous variation in the incentives to work - which differentially impacted … schedule in an instrumental variables framework to estimate the effect of pension related incentives on the decision to retire …

can be explained by the availability of publicly-funded disability insurance and the financial incentives provided by … affected by financial incentives. A one standard deviation change in the option value is estimated to reduce the likelihood of … exit probability of 9.4%. This suggests the variation in financial incentives across different individuals could explain a …