2002

The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth

IB 2002-029 , UM01-02
This paper specifies and estimates a structural life cycle model of retirement and wealth and applies that model both to understand the role of the social security early entitlement age in creating a peak in retirements at age 62, and…

The Retirement Behavior of Federal Civil Service Workers

IB 2002-026 , UM01-09
We examine the retirement behavior of federal civil service workers. This research contributes to the literature that more generally examines how retirement behavior responds to financial incentives. The civil service workers in our study provide an interesting case study because…

The Welfare Implications of Increasing DI Benefit Generosity

WP 2002-024 , UM00-12
The empirical literature on DI has primarily focused on the impact of program parameters on caseload growth or reduced labor force attachment. The focus on the efficiency costs of DI provides a misleading view of the social desirability of the…
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