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statistics analysis. Section 3 evaluates the effects on the equilibrium retirement age, section 4 modifies the benefits formula … to depend on retirement age and section 5 examines the wealth-income ratio effect. Section 6 introduces the …
Persistent link: https://www.econbiz.de/10012478944
Study of Income Dynamics, we follow a cohort of white married males through their sixties to estimate a model of retirement … behavior. Using several definitions of retirement suggested in the literature, the results suggest that the two key policy … influence on retirement decisions. For example, our results suggest that a decrease in the implicit tax rate on earnings from …
Persistent link: https://www.econbiz.de/10012479019
Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid … project document that social security program provisions can create powerful incentives for retirement that are strongly … affect retirement, whether there is a link between older employment and youth unemployment, and whether older individuals are …
Persistent link: https://www.econbiz.de/10012480931
Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the …
Persistent link: https://www.econbiz.de/10012464002
between social security provisions and retirement. The project relies on the work of a large group of economists in 12 … countries who conduct the analysis for each of their countries. The first phase described the retirement incentives inherent in … eligibility ages by three years. Another illustrative reform reduces actuarially benefits received before the normal retirement …
Persistent link: https://www.econbiz.de/10012467394
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
participation and benefit receipt. Most of the attention is given to the interaction between retirement behavior and the various … the actual pattern of early and normal retirement of Belgian older workers …
Persistent link: https://www.econbiz.de/10012472645
programs often provide generous retirement benefits at young ages. Also, the provisions of these programs often imply large … financial penalties on earnings beyond the social security early retirement age.Furthermore, in many countries disability and … unemployment programs effectively provide early retirement benefits before the official social security early retirement age. We …
Persistent link: https://www.econbiz.de/10012472679
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
This study documents an important role for Social Security income in workers' retirement timing. About 40 percent of … Social Security on retirement timing by comparing covered and non-covered teachers. Using individual-level data from the … American Community Survey, we find robust evidence of higher rates of retirement among covered teachers at Social Security …
Persistent link: https://www.econbiz.de/10012481058