Social Security and Retirement / Courtney Coile, Jonathan Gruber.

Format:

Book

Author/Creator:

Coile, Courtney.

Contributor:

National Bureau of Economic Research.

Gruber, Jonathan.

Series:

Working Paper Series (National Bureau of Economic Research) no. w7830.

NBER working paper series no. w7830

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2000.

Summary:

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.

Notes:

Print version record

August 2000.