Hurd, Michael D.; Smith, James P.; Zissimopoulos, Julie M. - Institute for Social Research (ISR), University of Michigan - 2002
This research examines the relationship between mortality risk and retirement, and mortality risk and the propensity to take early and reduced Social Security benefits. The main theory for understanding saving behavior is the life-cycle model (LCH). The LCH, however, can be extended to find the...