Laitner, John; Silverman, Dan - In: Journal of Public Economics 96 (2012) 7-8, pp. 615-634
This paper proposes and analyzes a Social Security reform in which individuals no longer face the OASI payroll tax after, say, age 54 or a career of 34 years, and their subsequent earnings have no bearing on their benefits. We first estimate parameters of a life-cycle model. Our specification...