Social Security and retirement

Coile

Courtney

Coile, Courtney

Author

Gruber

Jonathan

Gruber, Jonathan

Author

text

working paper

Chestnut Hill, Mass. Center for Retirement Research at Boston College20002000monographic

Chestnut Hill, Mass.

Center for Retirement Research at Boston College

2000

monographic

Englisheng

English

eng

electronicapplication/pdfborn digital

electronic

application/pdf

born digital

A critical question for Social Security policy is how program incentives affect retirement behavior. We use the wealth of new data available through the Health and Retirement Survey (HRS) to examine the impact of Social Security incentives on male retirement. We implement forward-looking models of retirement whereby individuals consider not just the incentives to work in the next year but in all future years as well. We find that such forward looking incentive measures for Social Security are significant determinants of retirement decisions. Our findings suggest that Social Security policies which increase the incentives to work at older ages can significantly reduce the exit rate of older workers from the labor force.

Courtney Coile and Jonathan Gruber.

CRR WP2000-11

CRR WP

2000-11

http://crr.bc.edu/images/stories/Working_Papers/wp_2000-11.pdf

MChBEnglisheng

MChB

Englisheng

English

eng