contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …

decisions as well as novel mechanisms governing these trade-offs. Using data from the Health and Retirement Study and the …-cycle model of consumption, savings, labor supply, and Social Security application decisions as well as heterogeneity in education … Security benefits prior to their normal retirement age, despite large penalties associated with these early benefit claims. We …

"contributions" of employees and employers to the social security retirement and survivors fund …

Social Security retirement benefits can be claimed at any age between 62 and 70, with delayed claiming resulting in … and Retirement study, we show that individuals who turned 62 after 2000 are indeed more likely to delay than those who …

longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension …-FRA period. In a two-period two-sector overlapping generations model, I show that this shift lowers savings (because a part of …

model with stochastic life expectancy across generations and endogenous retirement decisions. The social optimum is shown to … imply that retirement age should be proportional to longevity. Moreover, increasing longevity calls for pre-funding even if … sharing and retirement incentives are analyzed …

observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such … variables are not observable, the optimal policy does imply a distortion of the retirement decision. Consequently, the … inducement of early retirement may be part of the optimal tax-transfer policy. We consider a model in which individuals differ in …

"contributions" of employees and employers to the social security retirement and survivors fund …

longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension …-FRA period. In a two-period two-sector overlapping generations model, I show that this shift lowers savings (because a part of …