This paper studies how both pension systems and well-being at work can be improved to postpone retirement in European … households. Option values for retirement are constructed from a pool of four countries: Finland, Belgium, Germany and Spain, all …

ability of older workers to work past the Social Security Early Retirement Age of 62. This issue arises because a possible … reform of Social Security could raise the early retirement age. This change might be made in conjunction with raising the … Normal Retirement Age in order to offset the reduction in annual benefits that workers would receive when retiring at the …

over Social Security reform and benefit levels, and how they affect claiming behavior and retirement. The purpose of this … the government reports as necessary to solve the crisis) in a dynamic life-cycle model of retirement, we are able to match … hypothesis that expectations over future benefits are affecting current behavior. We find that a mis-specified dynamic retirement …

A growing chorus of policy analysts is calling for an increase in the Social Security retirement age. Even staunch … defenders of Social Security have begun to concede that the retirement age of 66 is too low, in light of the increasing … protect disadvantaged workers is to leave the early and full retirement ages as they are. The result is a debate that pits …

In the policy debate, there are regular demands to further increase the retirement age to address the financial … dorsopathies). The results show that increasing the retirement age further should be accompanied by preventive health and education …