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Long-term increases in life expectancy have varied for individuals with different lifetime earnings levels. This article examines two hypothetical adjustments to Social Security Old Age and Survivors Insurance benefits that would offset the differential changes in projected life expectancy. The...
Persistent link: https://www.econbiz.de/10013214572
Persistent link: https://www.econbiz.de/10013193708
Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth …
Persistent link: https://www.econbiz.de/10013245105
marginal returns to work near retirement, as measured by the increase in benefits associated with an additional year of … marginal returns on Social Security taxes paid near retirement are generally low. The paper also tests the effects on marginal …
Persistent link: https://www.econbiz.de/10013246873
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/10013324027
We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil … the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate of …
Persistent link: https://www.econbiz.de/10012478313
This study examines empirically whether social security influences the retirement decisions of individuals. The …'s income and substitution effects are included in a model for examining retirement decisions. This model is based on the model … from the Social Security Administration and are particularly well suited for this study. Retirement models are estimated …
Persistent link: https://www.econbiz.de/10012478381
This study examines the impact of social security on the retirement of married men aged 60-70 years. The empirical … retiring) denoted SSW. This variable measures social security's effect on retirement. The estimated effects are significant and … considerable. When SSW in-creases from $35,000 to $55,000 the probability of retirement rises by .15 for 62-64 year olds relative …
Persistent link: https://www.econbiz.de/10012478887
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