G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w25299
来源IDWorking Paper 25299
Pension Reform and Return to Work Policies
Maria D. Fitzpatrick
发表日期2018-11-26
出版年2018
语种英语
摘要For many people, working after beginning retirement benefit collection is a way to enhance financial security by increasing income. Existing research has shown that retirees are sensitive to the Social Security earnings test, which restricts the amount of earnings some beneficiaries can receive. However, little is known about the effects of other types of policies on post-retirement employment. Instead of restricting earnings, many public pension plans restrict the number of hours beneficiaries can work. I use return-to-work rules limiting the number of hours of employment in a state’s public pension plan and administrative data on employment and retirement to determine the rules’ effects on retirement decisions and post-retirement labor supply. I find that the increases in the maximum number of hours of post-retirement employment lead to no change in retirement benefit collection and to increases in part-time work among retirees. As such, these policies appear to be binding on the labor supply decisions of some employees. Policymakers should take this into account when designing policies aimed at extending work-lives or improving the health of pension systems.
主题Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w25299
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/582973
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Maria D. Fitzpatrick. Pension Reform and Return to Work Policies. 2018.
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