While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …

reforms for a fixed retirement age distribution. The behavioral effect accounts for the endogenous change caused by changes in …

wealth. This pattern is consistent across multiple retirement age thresholds and cohorts, including both individuals who have …

This paper analyses the effect of retirement on cognitive functioning using a longitudinal survey among older Americans …, which allows controlling for individual heterogeneity and endogeneity of the retirement decision by using the eligibility … age for social security as an instrument. The results highlight a significant negative effect of retirement on cognitive …

decides over its consumption paths, work effort, and retirement age according to the life-cycle theory of labor, while they … the educational distribution of the work force would increase the incentive for later retirement ages and thereby increase …

older ages. This conjecture is assessed quantitatively with a life cycle general equilibrium model of retirement. At ages 60 …

older ages. This conjecture is assessed quantitatively with a life cycle general equilibrium model of retirement. At ages 60 …

This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of … substantial amounts of wealth for retirement. We find it is frequently difficult to distinguish empirically between models with … the two types of preferences on the basis of asset accumulation paths or consumption paths around the period of retirement …

at older ages. I assess my conjecture quantitatively with a life cycle general equilibrium model of retirement. At ages …