| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w7200
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| 来源ID | Working Paper 7200
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| The Labor Supply Effects of the Social Security Earnings Test |
| Leora Friedberg
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| 发表日期 | 1999-06-01
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| 出版年 | 1999
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| 语种 | 英语
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| 摘要 | The Social Security earnings test reduces benefits at a 33-50% rate once earnings pass a threshold amount - among the highest marginal tax rates in the economy. Previous research dismissed the importance of the earnings test but failed to take advantage of three changes in the earnings test rules in order to identify its impact. Each change applied to some age groups and not others - which make them useful for identifying the effect of tax rules on the labor supply of working beneficiaries. Beneficiaries in the Current Population Survey satisfy the strongest prediction: many keep their earnings just below the exempt amount, and this bunching shifts with the earnings test rule changes. The rule changes are then incorporated into an econometric model of labor supply to identify income and substitution elasticities. The resulting elasticity estimates suggest considerable deadweight loss suffered by working beneficiaries. Simulations predict a substantial boost to labor supply from eliminating the earnings test, and at a minimal fiscal cost. However, a slight decrease in labor supply is predicted from the recently legislated increase in the exempt amount. |
| 主题 | Labor Economics
; Demography and Aging
; Public Economics
; National Fiscal Issues
|
| URL | https://www.nber.org/papers/w7200
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564734
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推荐引用方式
GB/T 7714 |
Leora Friedberg. The Labor Supply Effects of the Social Security Earnings Test. 1999.
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文件名：
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w7200.pdf
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格式：
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Adobe PDF
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