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This paper examines the impact of retirement on individuals’ health. Declines in health commonly compel workers to retire, so the challenge is to disentangle the simultaneous causal effects. The estim...
We study the effect of incorporating heterogeneity into default rules by examining the choice between retirement plans at a firm that transitioned from a defined benefit (DB) to a defined contribution...
Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retireme...
This paper analyzes a puzzling aspect of retirement behavior known as “unretirement.” Nearly 50 percent of retirees follow a nontraditional retirement path that involves partial retirement or unretire...
Spiraling compensation costs over the past two decades has led many firms to change their compensation strategies. There has been a shift in employee pension benefits as a form of compensation, a...
Defined benefit pension plans have become considerably less common since the early 1980s, while defined contribution plans have spread. Previous research showed that defined benefit plans, with sharp ...
The choice of a retirement date is one of the most important decisions facing older workers. It is a decision that will affect their economic well-being for the remainder of their lives. One factor th...

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