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The Implicit Tax on Work at Older Ages

  • Butrica, Barbara A.
  • Johnson, Richard W.
  • Smith, Karen E.
  • Steuerle, C. Eugene

Encouraging work at older ages is a crucial policy goal for an aging society, but many features of the benefits and tax system discourage work. This study computes the implicit tax rate on work at older ages, broadly defined to include standard income and payroll taxes as well as changes in future Social Security benefits, employer–provided pension benefits, and health benefits associated with an additional year of employment. The results show that the implicit tax rate on work increases rapidly with age, rising from 14 percent at age 55 for a typical man to nearly 50 percent at age 70.

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Article provided by National Tax Association in its journal National Tax Journal.

Volume (Year): 59 (2006)
Issue (Month): 2 (June)
Pages: 211-34

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Handle: RePEc:ntj:journl:v:59:y:2006:i:2:p:211-34
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  1. Richard W. Johnson & Amy J. Davidoff & Kevin Perese, 2003. "Health Insurance Costs and Early Retirement Decisions," ILR Review, Cornell University, ILR School, vol. 56(4), pages 716-729, July.
  2. Richard W. Johnson & Amy J. Davidoff & Kevin Perese, 2003. "Health insurance costs and early retirement decisions," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 56(4), pages 716-729, July.
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