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Social Security and Retirement
A critical question for Social Security policy is how program incentives affect retirement behavior. We use the wealth of new data available through the Health and Retirement Survey (HRS) to examineExpand
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How Household Portfolios Evolve after Retirement: The Effect of Aging and Health Shocks
We study how the portfolios of U.S. households evolve after retirement, using data from the Health and Retirement Study (HRS). In particular, we investigate the influence of aging and health shocksExpand
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Future Social Security Entitlements and the Retirement Decision
A critical question for Social Security policy is how program incentives affect retirement behavior. We use the Health and Retirement Survey (HRS) to examine the impact of Social Security incentivesExpand
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The Market Crash and Mass Layoffs: How the Current Economic Crisis May Affect Retirement
Abstract Recent dramatic declines in U.S. stock and housing markets have led to widespread speculation that shrinking retirement accounts and falling home equity will lead workers to delayExpand
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The Effect of Inheritance Receipt on Retirement
This paper provides new evidence on how wealth shocks influence retirement behavior. Economic theory generally posits that leisure is a normal good, yet it is difficult to obtain reliable empiricalExpand
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The Effect of Inheritance Receipt on Retirement
This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health and Retirement Study (HRS), we first document that inheritance receipt is commonExpand
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Bulls, Bears, and Retirement Behavior
The authors examine the relationship between stock market performance and retirement behavior. They first present a descriptive analysis of the wealth holdings of older households and simulate theExpand
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Recessions, Retirement, and Social Security
This paper examines how labor market fluctuations around the time of retirement affect the labor force status and Social Security receipt of individuals ages 55 to 69 and the income of retirees inExpand
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Economic Determinants of Workers’ Retirement Decisions
The landscape for older workers has changed dramatically in recent decades. Governments have made cuts to public pension programs, private pensions have shifted from defined benefit to definedExpand
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