Changing the Social Security Rules for Workers over 65: Proposed Policies and Their Effects
AbstractThis paper simulates the effects of proposals to modify procedures for adjusting the Social Security benefits of those who work after normal retirement age. A basic set of policies, currently under consideration, is projected to raise long run costs by $30 billion dollars net of taxes, while inducing an increase of 5 percent in the number of full-time male workers between the ages of 65 and 69. Alternative policies may create very different flows of funds. Outcomes, especially in the short run, will vary widely with the timing of the application decision for benefits.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3087.
Date of creation: Oct 1991
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- Stock, James H & Wise, David A, 1990.
"Pensions, the Option Value of Work, and Retirement,"
Econometric Society, vol. 58(5), pages 1151-80, September.
- James H. Stock & David A. Wise, 1988. "Pensions, The Option Value of Work, and Retirement," NBER Working Papers 2686, National Bureau of Economic Research, Inc.
- Alan L. Gustman & Thomas L. Steinmeier, 1986.
"A Structural Retirement Model,"
NBER Working Papers
1237, National Bureau of Economic Research, Inc.
- repec:fth:stanho:e-88-28 is not listed on IDEAS
- Alan L. Gustman & Thomas L. Steinmeier, 1985. "Partial Retirement and Wage Profiles of Older Workers," NBER Working Papers 1000, National Bureau of Economic Research, Inc.
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