Optimal timing of retirement is an important part of retirement planning. We consider three types of individuals … distinguished by the way they use information when deciding the retirement time. For each of these types, we analyze two elements … influencing the decision, the market model and the mortality model. We study the impact of working with one combination or another …

In this paper, we develop a retirement model under the expected utility stochastic control framework to find optimal … the Australian retirement system. Few retirees in Australia utilise financial products in retirement, such as annuities or … retirement, and that annuitisation is optimal sooner rather than later once retired. We find that it is never optimal to …

Many organizations provide retirement planning seminars to their employees as a benefit to help them make better … informed retirement decisions. This study examines the participants in 85 seminars conducted by five companies in 2008 and 2009 … to determine how much learning takes place and whether employees adjust retirement plans. Using surveys conducted before …

We study an optimal consumption, investment, life insurance, and retirement decision of an economic agent who has an … from the dual problem and establish the duality theorem. We show that the optimal retirement decision is determined by the … option to retire early any time before the mandatory retirement date. We conduct a thorough theoretical analysis for the …

does influence the wife’s retirement decision, but the health status of the husband does not. The presence of dependents in … the household, regardless of whether they are children or parents, is not found to influence work and retirement among …This article reviews the economic literature on the work and retirement decisions of older women. Economic studies …

Based on temporal construal theory, the length of time a person has before they reach retirement age will influence how … compared to older workers who should prefer more concrete information because retirement is a distant goal rather than a … presented and an individuals' age influences an individual's retirement savings intentions. This paper summarizes our …