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Age Anchors and the Individual Retirement Age: An Experimental Study
Niels Vermeer, via SSRN Link to more items from this source
Mar. 3, 2015
"This study examines the sensitivity of the retirement age decision to standard retirement ages [age anchors] ... Individuals retire later when they are confronted with a higher age anchor. Specifically, their retirement age corresponds to the age of the anchor. The effect of the age anchor on the retirement age is strongest for women.... Financial literacy does not seem to play a role, while the role of advice from pension funds and the role of social interactions are limited. This suggests that age anchors may have a distinct effect on the retirement age."

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