Individuals are increasingly encouraged to extend their working life. This project will extend our knowledge of the effect that retiring later has on subjective well-being. This will enable us to sketch a more complete picture of the well-being of the elderly, especially as it relates to the role of Social Security pensions.
Does Retirement Make you Happy? A Simultaneous Equations Approach
Arie Kapteyn, Gema Zamarro, Jinkook Lee,2014