Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early … claiming penalties significantly delays pension claiming and retirement, but imposing large penalties and holding the FRA fixed …

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and … retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences … behavior of households, we observe that feedback effects do occur. Results suggest that individual retirement decisions are …

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

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

state retirement of men. Work incentives associated with pension coverage and plan characteristics are calculated primarily … from the 1969-79 Retirement History Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a structural … retirement model suggest that the long-run effects of changes in pension plans and social security account for about a quarter of …

This paper investigates the retirement patterns of married couples in Belgium. To forecast retirement behavior, we use …'s structural design affect both partners' retirement decisions. We simulate the effect of the elimination of the spousal bonus and … find that a small portion of women delay their retirement whereas the rest substitute into alternative social security …

longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension …

A problem that faces many countries including the United States is how to finance retirement consumption as the … population ages. Proposals for switching to a saving-for-retirement system that does not rely on high payroll taxes have been … transition path from the current U.S. system to a saving-for-retirement system that increases the welfare of all current and …