This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of prime-age workers in the presence of a tax benefit link,...

"[This book] includes the complete text of amended laws, cngressional reports, and detailed explanations, complete with analysis and practitioner comments covering the tax provisions and landmark tax reform legislation."