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Like most other developed nations, Canada has a large income security system for retirement that provides significant … of appropriate data. We provide an empirical analysis of the retirement incentives of the Canadian Income Security (IS … IS system have large and statistically significant impacts on retirement. This suggests that program reform can play some …
Persistent link: https://www.econbiz.de/10005404394
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/10014036681
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/10005829085
Canada has a large Income Security system for retirement that provides significant and widely varying disincentives to … work at older ages.We provide an empirical analysis of the retirement incentives of the Canadian Income Security system … significant impacts on retirement.This suggests that program reform can play a role in responses to fiscal pressures.We also …
Persistent link: https://www.econbiz.de/10005608960
of the interaction between the SS system and retirement behavior. We begin by documenting historical trends in labor … the relationship between SS and retirement. Finally, we present results of a simulation model which measures the implicit …
Persistent link: https://www.econbiz.de/10005575440
Disability Insurance (DI), which provides income support to disabled workers, has been criticized for inducing a large fall in the labor force participation rate of older workers. We study the effects of one policy response designed to address this moral hazard problem: raising the rate at which...
Persistent link: https://www.econbiz.de/10005575613
The Social Security earnings test, a version of which still applies to those ages 62-64, reduces immediate payments to beneficiaries whose labor income exceeds a given threshold. Although benefits are subsequently increased to compensate for any such reduction, the earnings test is typically...
Persistent link: https://www.econbiz.de/10005580067
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/10005088972
improvements in wellbeing arising from the provision of public pensions. To the extent households adjust their savings and … employment behavior to account for enhanced retirement benefits, the positive impact of the benefits may be crowded out. We …, poverty, and happiness. For income, we find large increases in income corresponding to retirement benefit increases …
Persistent link: https://www.econbiz.de/10005710224
early retirement of workers who are not truly disabled. A critical input for assessing the optimal size of the DI program is …
Persistent link: https://www.econbiz.de/10005718914