Showing 1 - 10 of 442
Persistent link: https://www.econbiz.de/10011564417
We study associations among women's current marital status, past marital history, and later-life labor force participation. We first document these relationships using data from the 1986 to 2008 waves of the Survey of Income and Program Participation (SIPP). We then exploit variation in laws...
Persistent link: https://www.econbiz.de/10012455942
Reducing or eliminating Social Security's Retirement Earnings Test (RET) can encourage labor supply of older individuals receiving benefits. However, these reforms can encourage earlier claiming of Social Security benefits, permanently lowering future benefits. We explore the consequences, for...
Persistent link: https://www.econbiz.de/10012457068
Social Security faces a major financing shortfall. One policy option for addressing this shortfall would be to raise the earliest age at which individuals can claim their retirement benefits. A welfare analysis of such a policy change depends critically on how it affects living standards. This...
Persistent link: https://www.econbiz.de/10012453109
Reductions in the implicit taxation of Social Security benefits from reducing or eliminating the Retirement Earnings Test (RET) are an appealing – and in many cases successful – means of encouraging labor supply of older individuals receiving benefits. The downside, however, is that the same...
Persistent link: https://www.econbiz.de/10014131860
The Australian age pension is noncontributory, funded through general tax revenues and means tested against pensioners, private resources, including labour earnings. This paper constructs an overlapping generations (OLG) model of the Australian economy to examine the economy wide implications of...
Persistent link: https://www.econbiz.de/10014126551
Many job-losers suffer large and persistent losses in earnings capacity. For displaced workers who are age-eligible, one reaction to these losses is to begin claiming Social Security retirement benefits. We use administrative earnings records from the Social Security Administration's Continuous...
Persistent link: https://www.econbiz.de/10013023285
We construct a database of public pension policy changes with motivation and implementation information for ten OECD countries. Structural pension reforms, motivated by long-run sustainability concerns, often come with prolonged phase-in periods. In response to pension retrenchments implemented...
Persistent link: https://www.econbiz.de/10013334383
We estimate the impact of public pension systems on labor supply far from the normal retirement age by exploiting Poland's switch from a Defined Benefit to a Notional Defined Contribution scheme for men born after 1948. Using the universe of taxpayers and this sharp cohort-based discontinuity in...
Persistent link: https://www.econbiz.de/10013334402
Social security plays an essential role in an economy, but if designed incorrectly can distort the labor supply and savings behavior of individuals in the economy. We explore how well the Australian means-tested pension system provides social insurance by calculating possible welfare gains from...
Persistent link: https://www.econbiz.de/10014034910