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 …

This paper develops a structural dynamic retirement model to investigate effects and corresponding underlying … mechanisms of a partial retirement program on labor supply, fiscal balances, and the pension income distribution. The structural … approach allows for disentangling the two counteracting mechanisms that drive the employment effects of partial retirement: 1 …