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Social Security benefits that accrue with additional earnings on three measures of labor supply: retirement, hours, and labor … discontinuities as uncertainty about the future is resolved. We find clear evidence that individuals approaching retirement (age 52 … estimate that a 10 percent increase in the net-of-tax share reduces the two-year retirement hazard by a statistically …
Persistent link: https://www.econbiz.de/10012758034
Because the Supplemental Security Income (SSI) program is means-tested, with both income limits and asset limits, those on the margin of eligibility for the elderly component of the program face incentives to reduce labor supply (or earnings) prior to becoming eligible. Our past research relying...
Persistent link: https://www.econbiz.de/10013225379
Over the last thirty years pathways to retirement have changed substantially in the UK. They have been dominated by …. At the end of the period the direct route from work to retirement was increasingly more common. General economic … conditions seem to have been important driving forces during the entire period. In contrast changes in health do not seem to …
Persistent link: https://www.econbiz.de/10013125168
following retirement depends in part on health capital and financial capital accumulated prior to retirement, which in turn are … health and financial capital accumulated prior to retirement from the effects of education that impinge directly on asset … Security benefits and defined benefit pension benefits--and through health capital that was accumulated before retirement. We …
Persistent link: https://www.econbiz.de/10013088676
ways that reflect an expectation of longer work lives. But do older Americans have the health capacity to work longer? This … mortality rate in the past or as much as their younger counterparts in similar health. Using both methods, we estimate that … there is significant additional capacity to work at older ages. We also explore whether there are differences in health …
Persistent link: https://www.econbiz.de/10012999975
Retirement Around the World. The project compares the experiences of a dozen developed countries and uses differences in their … retirement program provisions to explore the effect of SS on retirement and related questions. The first three phases of this … project document that: 1) incentives for retirement from SS are strongly correlated with labor force participation rates …
Persistent link: https://www.econbiz.de/10012999984
composition for people in their pre and post-retirement years …
Persistent link: https://www.econbiz.de/10013151145
While numerous studies have examined how health affects retirement behavior, few have analyzed the impact of retirement … on subsequent health outcomes. This study estimates the effects of retirement on health status as measured by indicators … waves of the Health and Retirement Study, spanning 1992 through 2005. To account for biases due to unobserved selection and …
Persistent link: https://www.econbiz.de/10012761681
econometric frameworks: potential outcomes and dynamic programming. It finds large effect heterogeneity of health on work in two … surveys of older workers, the VRI and the HRS. It shows how reduced-form estimates of health on work are biased when there is … of work given health …
Persistent link: https://www.econbiz.de/10012866174
There are large differences in labor force participation rates by health status. We examine to what extent these … Denmark we find that those in worse health and with less schooling are more likely to receive DI. The gradient of DI … participation across health quintiles is almost twice as steep as for schooling - moving from having no high school diploma to …
Persistent link: https://www.econbiz.de/10013052122