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We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clear-cut, but go in the same direction …
Persistent link: https://www.econbiz.de/10013134923
supply, and retirement. Unlike all previous work, our model allows both an endogenous wage process (which is typically … the model and match the life-cycle profiles of wages, hours and retirement from SIPP data. We analyze the impact of health … shocks on retirement, as well as the effect of changes in payroll taxes and increases in the Normal Retirement Age on labor …
Persistent link: https://www.econbiz.de/10012929436
In this paper, we explore and compare how older and younger couple households use adjustments in the wife’s labor supply to mitigate the effects of negative shocks to the husband’s employment status. Using difference-in-differences matching methods, we document a substantial added worker...
Persistent link: https://www.econbiz.de/10014139607
potentially important mechanism for affecting retirement behavior. We estimate the intensive and extensive margins jointly with a … of income taxes on labor force participation and retirement decisions, estimating participation elasticities with respect … participation elasticities are associated with tax-driven reductions in retirement. We find statistically insignificant compensated …
Persistent link: https://www.econbiz.de/10013064915
Much of the literature on labor supply responsiveness to taxes studies the effects of payroll and income taxes together, usually using income tax changes to identify effects. There is less research on how individuals respond to payroll taxes specifically. Given the salience of the payroll tax...
Persistent link: https://www.econbiz.de/10013012150
variables including wealth, the timing of retirement, investments in health, and decisions about end-of-life care …
Persistent link: https://www.econbiz.de/10012854861
-eligible, one reaction to these losses is to begin claiming Social Security retirement benefits. We use administrative earnings … among workers in their late 50's and early 60's on Social Security retirement benefit claiming rates. We find that labor …
Persistent link: https://www.econbiz.de/10013022362
-eligible, one reaction to these losses is to begin claiming Social Security retirement benefits. We use administrative earnings … among workers in their late 50s and early 60s on Social Security retirement benefit claiming rates. We find that labor …
Persistent link: https://www.econbiz.de/10013023285
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
Disability is a permanent unexpected shock to labor supply which according to the theory of the added worker effect should induce a large spousal labor supply response. The Disability Insurance (DI) program is designed to mitigate the income lost due to disability. To the extent that it does...
Persistent link: https://www.econbiz.de/10014169081