both for individual retirement planning and for policymakers, especially if legislation makes annuitization, at least in … annuities, which is of relevance to insurance pricing. -- Stochastic Mortality ; Deferred Annuitization ; Retirement Decisions …

This paper develops a simple analytical framework in which optimal health and retirement policies amid population aging … timing of retirement, the size of lifecycle labour income and pension payments and investments in health that individuals … the traditionally separate areas of health and retirement policy can be coordinated to achieve dynamic efficiency. Under …

Uncertainty about the timing of retirement is a major financial risk with implications for decision making and welfare … over the life cycle. We estimate that the standard deviation of the difference between retirement expectations and actual … retirement dates ranges from 4.28 to 6.92 years. We develop a quantitative model to assess the impact of this risk. Individuals …