We examine within a life-cycle set-up the simultaneous choice of health care and retirement (together with consumption …), when health care contributes to both a reduction in mortality and in morbidity. Health tends to impact on retirement via … morbidity, determining the disutility of work, and through longevity, determining the need to accumulate retirement wealth. In …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that retirement behavior is strongly influenced by the level of disincentives. Further, disincentives …