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Empirical analyses of retirement typically assume a single form of retirement. In this paper, I consider the … determinants of retirement in a competing risks model which allows for full and partial retirement. Simulation results indicate … that the large increase in Social Security benefits in the early 1970s has had moderate effects upon retirement, increasing …
Persistent link: https://www.econbiz.de/10012475932
"contributions" of employees and employers to the social security retirement and survivors fund …
Persistent link: https://www.econbiz.de/10012478550
Social Security retirement benefits can be claimed at any age between 62 and 70, with delayed claiming resulting in … and Retirement study, we show that individuals who turned 62 after 2000 are indeed more likely to delay than those who …
Persistent link: https://www.econbiz.de/10012459291
Social Security benefits may be commenced at any time between ages 62 and 70. As individuals who claim later can, on average, expect to receive benefits for a shorter period, an actuarial adjustment is made to the monthly benefit to reflect the age at which benefits are claimed. In earlier work...
Persistent link: https://www.econbiz.de/10012460451
give an explanation of the findings. Similarity of retirement dates could be caused by similarity of tastes (assortative … the response of retirement to policy changes. Both simple data analysis and economic models of the age of retirement point … to coordination of retirement dates: husbands and wives tend to retire at the same time. According to the results, very …
Persistent link: https://www.econbiz.de/10012476255
how social security incentives and particularly their changes over time can explain the retirement decision. We calculate … indicators of benefit entitlement and derive retirement incentive measures. Using micro-estimation techniques, we find that more … generous retirement provision contribute to earlier retirement. Counterfactual reform simulations show strongly incentivizing …
Persistent link: https://www.econbiz.de/10014337786
A critical question for Social Security policy is how program incentives affect retirement behavior. We use the wealth … of new data available through the Health and Retirement Survey (HRS) to examine the impact of Social Security incentives … on male retirement. We implement forward-looking models of retirement whereby individuals consider not just the …
Persistent link: https://www.econbiz.de/10012470913
The Social Security earnings test reduces benefits at a 33-50% rate once earnings pass a threshold amount - among the highest marginal tax rates in the economy. Previous research dismissed the importance of the earnings test but failed to take advantage of three changes in the earnings test...
Persistent link: https://www.econbiz.de/10012471588
government budget. I provide an overview of the interaction between these" transfer programs and retirement behavior. I begin by …
Persistent link: https://www.econbiz.de/10012472505
Among numerous retirement schemes in France, the Social Security general regime" covers all wage earners from the … but with a downward adjustment of benefits. Our computations show that early" retirement adjustment rules give strong … change in the retirement age induced by the 1983 reform …
Persistent link: https://www.econbiz.de/10012472596