's affordable, sustainable standard of living in retirement. Both stylized households and actual households from the Health and … Retirement Study are examined. We assume that workers commence Social Security benefits when they retire. The basic result is … that delaying retirement by 3-6 months has the same impact on the retirement standard of living as saving an additional one …

We examine the labor supply impact of a 2016 policy that allows retirement-eligible individuals covered by Peru …'s private pension system to receive retirement benefits as a lump sum rather than as an annuity. We present a theoretical model …) more attractive relative to informal employment (not requiring pension participation); it also encourages early retirement …

, or an increase in the full retirement age. This uncertainty about what will happen in the future causes young and middle …-aged cohorts who are saving for retirement to make mistakes that could be avoided if the government decided earlier what will …

Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …

much more attractive thanks to three factors: a more generous delayed retirement credit, improvements in mortality, and …

the "market risk" in a personal accounts retirement scheme. In this paper, we carry out a detailed quantitative analysis …

We examine optimal retirement saving for young adults in a life cycle model. We find that for liquidity …-constrained young adults who anticipate significant earnings growth, optimal retirement saving is zero. Specifically, we find that with … a plausible wage profile for college-educated workers, retirement saving does not begin until the late 30s or early 40s …

"boomerang" back home impact their parents in their pre-retirement and post-retirement years. We use data from the Health and … Retirement Study (HRS) to examine the effects of boomerang children on their parents' labor market expectations and choices, as …

present value of retirement income for most people. Despite this research, the vast majority of individuals claim Social … Security at or before full retirement age. Claiming Social Security early is not necessarily a mistake, as delaying Social …