We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We … construct a model in which individuals make labor/leisure choices over their lifetimes subject to uncertainty about their date … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …

biographies through sabbaticals, smoothing into early retirement, educational leave, palliative leave, part-time jobs or temporary …

-control are more likely to invest in illiquid pensions while less likely to hold very liquid forms of assets. …

but that higher match rates do not increase--and may decrease--the level of savings. This paper analyzes saving by low …

have an incentive to signal that he is in great need by saving more than he otherwise would have done. …