Traditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how … the past. If participation rates at older ages remain constant (or decline), then average time spent in retirement will … a major role in retirement decisions for Social Security. Finally, we find that controlling for other factors …

Traditional analyses of retirement decisions focus on the age, from birth, of the individual making choices about how … the past. If participation rates at older ages remain constant (or decline), then average time spent in retirement will … a major role in retirement decisions for Social Security. Finally, we find that controlling for other factors …

This study examines whether social security influences the aggregate retirement rate in Canada. The life-cycle model of … for individual retirement decisions is used to construct a model for the aggregate retirement rate. Time series data from … of the model yields evidence that social security induces retirement. An increase in social security wealth of …

This study examines whether social security influences the aggregate retirement rate in Canada. The life-cycle model of … for individual retirement decisions is used to construct a model for the aggregate retirement rate. Time series data from … of the model yields evidence that social security induces retirement. An increase in social security wealth of …

considers trends in population development, labour force participation, and early retirement, as well as the effects of pension … in the model. Monte Carlo simulation is used to quantify future risk. The latter is an important feature of our model, as … numbers take account of the increase in legal retirement ages as part of the 2007 pension reform. After the mid-2030s, however …

a retiree purchased a single life level annuity at retirement age with half of their available assets indicate that this … until more than 25 years after retirement …