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 …

retirement incentive. The reduction of incentives mainly stems from the introduction of actuarial deductions for early retirement … and from the abolishment of specific early retirement pathways …

A structural life-cycle retirement model with an improved specification over previous models is used to analyze and … the normal retirement age to 67, the increase in the delayed retirement credit to 8 percent, and the lowering of the …

social security reforms. We further estimated the association of ITAX with an individual's decisions concerning retirement … forms on retirement based on the estimated regression parameters. The results showed that a higher ITAX drove individuals …

A structural dynamic model of retirement and saving is used to simulate the retirement effects of proposals made by the … reduce retirements at age 62 by roughly 4 percentage points, mitigating an 8.7 percentage point trend to earlier retirement …

We provide the incentive mechanism of the public pension on the retirement decisions made in the Japanese labor market … incentive mechanism of the public pension system in Japan affecting the retirement behavior has many things in common with those …

all retirement income is in the form of SS benefits; (4) the existence of an early retirement provision, which attracts no … actuarial penalty, greatly distorts choices in favor of early retirement. This paper addresses the above issue by first … accrual rate (i.e. the percentage change in Social Security Wealth) from postponing retirement and the implicit tax …