relationship between social security provisions and retirement. The project relies on the analyses of a large group of economists … consistently show that program incentives accord strongly with retirement decisions. The magnitude is illustrated by the …, perhaps closer to 36 percent in the long run. On the other hand, an illustrative common reform'-- with early retirement at age …

In this paper, we develop and estimate a model of retirement and savings incorporating limited borrowing, stochastic … Health and Retirement Study (HRS), for whom we would expect social security income to be of particular importance. The … and normal retirement ages …

relationship between social security provisions and retirement. The project relies on the analyses of a large group of economists … consistently show that program incentives accord strongly with retirement decisions. The magnitude is illustrated by the …, perhaps closer to 36 percent in the long run. On the other hand, an illustrative common reform'-- with early retirement at age …

decisions as well as novel mechanisms governing these trade-offs. Using data from the Health and Retirement Study and the … Security benefits prior to their normal retirement age, despite large penalties associated with these early benefit claims. We …