This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement … retirement if in turn they were willing to accept an actuarial reduction on their pension. It becomes evident that the maximum …

This paper shows that households who enter retirement with low wealth consistently followed non-permanent income … retirement. Such a result is consistent with the household having inadequately planned for retirement. The panel component of the … low pre-retirement wealth households had consumption growth that responded to predictable changes in income during their …

This paper summarizes five facts that have emerged from the recent literature on consumption behavior during retirement … they transition into retirement. In particular, the literature has shown that there is substantial heterogeneity in … spending changes at retirement across consumption categories. The declines in spending during retirement for the average …

This paper summarizes five facts that have emerged from the recent literature on consumption behavior during retirement … they transition into retirement. In particular, the literature has shown that there is substantial heterogeneity in … spending changes at retirement across consumption categories. The declines in spending during retirement for the average …