A structural retirement model is estimated using data for tenured, male faculty employed in the 1970's at 26 high … quality private colleges and universities. Simulations of raising and then abolishing the mandatory retirement age suggest … early retirement incentive programs would offset only a small fraction of the increase in work due to changes in mandatory …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the … minimum pension program is a key welfare program and a major influence on the retirement decisions of low-income workers and …-income workers to retire as soon as they become eligible for the program, which is often earlier than the normal retirement age. …