How Changes in Social Security Affect Retirement Trends
نویسندگان
چکیده
منابع مشابه
How Social Security and Medicare affect retirement behavior in a world of incomplete markets
This paper provides an empirical analysis of how the U.S. Social Security and Medicare insurance system affect the labor supply of older males in the presence of incomplete markets for loans, annuities, and health insurance. We estimate a detailed dynamic programming (DP) model of the joint labor supply and Social Security acceptance decision, focusing on a sample of males in the low to middle ...
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Many workers look forward to receiving benefits from private pension plans as well as from social security . Half of all full-time wage and salary workers in private industry in May 1979 were covered by pension plans ;' nearly all of them were also under the social security system . This dual retirement income has fostered interest in coordinating public and private plans . Often, social securi...
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This paper investigates the responsiveness of individuals’ retirement decisions to forward-looking measures of pension accumulations. In contrast to previous research, we use within-person variation in retirement incentives and are able to control for unobserved heterogeneity in tastes for retirement by studying a panel of subjective retirement expectations. We confirm that individuals do respo...
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Escalating rates of early retirement are imposing fiscal pressure on retirement systems around the world. In some developed countries, the labor-force participation rates of men ages 60-64 have fallen by 75 percent over the last three decades. One explanation for this striking decline is social security program provisions which create disincentives to continued labor-force participation by olde...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.1094978