pensions, and Social Security profiles available at alternative retirement ages. Then we examine four specific changes in the … structure of Social Security benefits: raising the normal retirement age, delaying the cost-of-living adjustment, lowering early … retirement benefits, and increasing late retirement payments. Behavioral parameters are estimated using an ordered logit model of …

Does retirement behavior react predictably to economic incentives? Evidence on this question would be useful to policy … makers responsible for work and retirement programs affecting the elderly. This paper reviews the lessons and limitations of … recent economics literature on pensions, earnings, and retirement. Section I develops the life cycle context for analyzing …

longitudinal examination of pension retirement incentives in several dozen plans observed between about 1960 to 1980. The plans … under study instituted many changes over this period, several of which enhanced the financial payoff to early retirement …. These alterations included increases in benefit levels, reductions in early, normal and mandatory retirement ages, and cuts …

In 1980, Chile dramatically reformed its retirement system, replacing what was an old insolvent PAYGO program with a … Chilean model is being re-assessed, in terms of coverage, contribution, investment, and retirement benefit outcomes. This …

Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth …

People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on …

result of having instituted an unfunded (pay-as-you-go) retirement system that delivered $7.9 trillion of net transfers (in …

failed to actively elect a primary retirement plan were also far less likely to enroll in a supplemental retirement account …

receive a lump sum as a payment for delayed retirement rather than as an addition to their lifetime Social Security benefits … lump sum, and we also examine the consequences of such tradeoffs for work, retirement, and life cycle wellbeing. Our base … case indicates that workers given the chance to receive their delayed retirement credit as a lump sum payment would boost …