In 1998, the Social Security Administration established the Retirement Research Consortium to encourage research on topics related to Social Security and the well-being of older Americans, and to foster communication between the academic and policy communities. The Michigan Retirement Research...

The Office of Retirement and Disability Policy at the Social Security Administration created the Retirement Research Consortium in 1998 to encourage research on topics related to Social Security and the well-being of older Americans, and to foster communication between the academic and policy...

Economists' most basic model for studying Social Security policy issues is the so - called life - cycle model of saving behavior. This paper sets up a life - cycle model in which a household simultaneously chooses its lifetime consumption profile and retirement age. The paper calibrates...