This article reviews the economic literature on the work and retirement decisions of older women. Economic studies generally find that married women respond to the financial reward for work (for example, wages) in making their work and retirement decisions, but that they do not respond to...

Blacks, Hispanics, and divorced women have historically experienced double-digit poverty rates in retirement, and divorce and other demographic trends will increase their representation in future retiree populations. For these reasons, we might expect an increase in the proportion of...

For decades, policymakers have discussed how to remedy the high poverty rates of older widows. Yet older divorced women are more likely to be poor than older widows, and historical divorce and remarriage trends suggest that in the future a larger share of retired women will be divorced. This...

This Note uses the latest version of the Social Security Administration's Modeling Income in the Near Term microsimulation model to updated earlier projections of Social Security retirement benefits for married women. Changes in women's earnings in the late twentieth and early twenty-first...

This paper provides new evidence about the effects of economic incentives embedded in the Italian Social Security system on retirement decisions. The 1992 reform is an interesting example since it was implemented when: (a) the system was very generous to retirees; (b) the demographic context was...

We propose an identification framework to empirically evaluate the validity of the exclusion restriction in a Regression Discontinuity setting. We embed recent results from the literature on partial identification with invalid instrumental variables into a Fuzzy Regression Discontinuity Designs...

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...