This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … increasing women's retirement age to be equal to men's …

dividend. Two policy responses to aging are emphasized: First, a structural policy response of linking mandatory retirement (or …

the retirement income is deemed sufficient and the pension plan avails withdrawal of benefits. We provide evidence using … findings suggest that affordability is a key determinant in the retirement decisions. The higher the accumulated pension …