How Important Are Wages to the Elderly? Evidence from the New Beneficiary Data System and the Social Security Earnings Test
AbstractMore than 40 percent of Social Security beneficiaries continue to work after age 65. This research investigates the extent to which these individuals substitute labor across periods in response to anticipated wage changes induced by the Social Security earnings test. While we find that a disproportionate number of individuals choose earnings within a few percentage points of the earnings limit, we find no evidence that these individuals substitute labor supply between
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Bibliographic InfoPaper provided by University of Michigan, Michigan Retirement Research Center in its series Working Papers with number wp049.
Length: 27 pages
Date of creation: Jun 2003
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