| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1348 |
| 来源ID | Working Paper 1348 |
| The Effects of Social Security Reforms on Retirement Ages and RetirementIncomes | |
| Gary S. Fields; Olivia S. Mitchell | |
| 发表日期 | 1984-05-01 |
| 出版年 | 1984 |
| 语种 | 英语 |
| 摘要 | Recent changes legislated in the U.S. Social Security system are changing the economic incentives to work and retire. Some older workers will respond to these new incentives by retiring at different ages. This paper evaluates the signs and magnitudes of these responses. Using a representative sample of male workers, we investigate the pre-reform earnings, private pensions, and Social Security profiles available at alternative retirement ages. Then we examine four specific changes in the structure of Social Security benefits: raising the normal retirement age, delaying the cost-of-living adjustment, lowering early retirement benefits, and increasing late retirement payments. Behavioral parameters are estimated using an ordered logit model of retirement ages; these are than used to evaluate how retirement behavior might respond to each of the four reforms.The largest retirement age response is observed for the policy change which cuts benefits at the earliest ages and offers larger rewards for continued work. This change would delay the average retirement age by about three months. The other reforms generate even smaller responses. Changes in retirement ages of this magnitude will be to small to compensate retirees for reductions in benefit formulas. Thus the Social Security's financial burden will be eased but retiree's incomes will fall on average. |
| 主题 | Labor Economics |
| URL | https://www.nber.org/papers/w1348 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558579 |
| 推荐引用方式 GB/T 7714 | Gary S. Fields,Olivia S. Mitchell. The Effects of Social Security Reforms on Retirement Ages and RetirementIncomes. 1984. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1348.pdf（265KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
