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 …

This paper examines the role of economic factors in determining retirement behavior using a unique new data archive on … different retirement models including linear as well as discrete choice formulations. This framework provides new insights into … how andwhy retirement ages differ across firms. We conclude that older workers' income opportunities differ depending on …

We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as … retirement, and progress through their retirement years, and (b) labor force participation declined and thus earnings became less … important with age, while Social Security and retirement savings rose as a proportion of annual income …

We analyze older individuals' debt and financial vulnerability using data from the Health and Retirement Study (HRS …

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 …