This article's authors use data from the 1995 and 2015 Current Population Surveys to provide multi-layered descriptive statistics on the retirement and socioeconomic characteristics of veterans aged 55 or older. The authors explore indicators of family structure, work, income from Social...

By increasing the residual working horizon of employed individuals, pension reforms that raise minimum retirement age are likely to affect individual investment in health-promoting behaviors before retirement. Using the exogenous variation in minimum retirement age induced by the sequence of...

In an overlapping generations economy with incomplete insurance markets, the introduction of an employment fund-akin to the one introduced in Austria in 2003, also known as 'Austrian backpack'-can enhance production efficiency and social welfare. It complements the two classical systems of...

We compute the optimal dynamic asset allocation policy for a retiree with Epstein-Zin utility. The retiree can decide how much he consumes and how much he invests in stocks, bonds, and annuities. Pricing the annuities we account for asymmetric mortality beliefs and administration expenses. We...

In order to estimate labour supply responses among older people we have employed a very simple model of retirement decisions that can be estimated on a single cross-section sample, and still be given a structural interpretation in terms of inter-temporal decisions. The model is estimated on...

We measure accruals in defined benefit (DB) pension plans for public and private sector workers in Britain, using typical differences in scheme rules and sector-specific lifetime age-earnings profiles by sex and educational group. We show not just that coverage by DB pension plans is greater in...

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain. Individual measures of pension wealth, peak and accrual values are constructed using labor market histories and health shocks are derived as changes in a composite health stock...

To our knowledge, this paper provides the first study evaluating the effects of higher education for adults on the timing of retirement. Using detailed longitudinal population register data 1982-2010, we track first-time enrollees in higher education in 1992-1993. Our sample is aged 42-55 at the...

The Danish labor market follows the trend in other countries of increasing labor force participation in the 60+ group. In Denmark, this increase has - until now - been most pronounced among 60-64-year-olds and among women. Increasing labor force participation is related to both a decline in the...

In this paper, we use a binary choice panel data model to analyze married individuals.retirement behavior in Norway when a new option, AFP early retirement becomes available. We focus our study on the influence of the spouse.s characteristics on early retirement behavior. We find the directions...