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Do stronger age discrimination laws make Social Security reforms more effective?

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  • Neumark, David
  • Song, Joanne

Abstract

Supply-side Social Security reforms intended to increase employment and delay benefit claiming among older individuals may be frustrated by age discrimination. We test for policy complementarities between these reforms and demand-side efforts to deter age discrimination, specifically studying whether stronger state-level age discrimination protections enhanced the impact of the 1983 Social Security reforms that increased the full retirement age (FRA) and reduced benefits. The evidence indicates that, for older individuals for whom early retirement benefits fell and the FRA increased, stronger state age discrimination protections were associated with delayed benefit claiming and increases in employment, with benefit claiming pushed from 65 to the new FRA, and increased employment after age 62 and age 65 that is then curtailed at the new FRA.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 108 (2013)
Issue (Month): C ()
Pages: 1-16

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Handle: RePEc:eee:pubeco:v:108:y:2013:i:c:p:1-16

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Web page: http://www.elsevier.com/locate/inca/505578

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Keywords: Social Security; Benefit claiming; Employment; Age discrimination;

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References

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  1. David Neumark, 2008. "The Age Discrimination in Employment Act and the Challenge of Population Aging," NBER Working Papers 14317, National Bureau of Economic Research, Inc.
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  7. Leora Friedberg, 1999. "The Labor Supply Effects of the Social Security Earnings Test," NBER Working Papers 7200, National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. Neumark, David & Button, Patrick, 2014. "Age discrimination and the Great Recession," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
  2. David Neumark & Patrick Button, 2013. "Did Age Discrimination Protections Help Older Workers Weather the Great Recession?," Working Papers wp287, University of Michigan, Michigan Retirement Research Center.
  3. David Neumark & Joanne Song, 2012. "Barriers to Later Retirement: Increases in the Full Retirement Age, Age Discrimination, and the Physical Challenges of Work," Working Papers wp265, University of Michigan, Michigan Retirement Research Center.

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