New evidence on earnings and benefit claims following changes in the retirement earnings test in 2000

Song, Jae; Manchester, Joyce

doi:10.1016/j.jpubeco.2006.11.002

Cited by 127 publications

(146 citation statements)

References 18 publications

Supporting

Mentioning

132

Contrasting

Unclassified

Order By: Relevance

“…It should not be surprising that our analysis suggests smaller labor market responses than previous work. The differences in the crediting formula may also explain why Song and Manchester (2007) found that the elimination of the Earnings Test above the NRA resulted in earlier Social Security benefit claiming, in contrast to our finding.…”

contrasting

confidence: 99%

The Effects of Collecting Income Taxes on Social Security Benefits

Jones¹,

Li²

2017

View full text Add to dashboard Cite

Since 1983, Social Security benefits have been subject to income taxation, a provision that can significantly increase the marginal income tax rate for older individuals. To assess the impact of this tax, we construct and calibrate a detailed life-cycle model of labor supply, saving, and Social Security claiming. We find that in a long-run stationary environment, replacing the taxation of Social Security benefits with a revenue-equivalent change in the payroll tax would increase labor supply, consumption, and welfare. From an ex-ante perspective an equally desirable reform would be to make the portion of benefits subject to income taxes completely independent of other income. JEL: E21, H24, H55, I38

show abstract

contrasting

confidence: 99%

The Effects of Collecting Income Taxes on Social Security Benefits

Jones¹,

Li²

2017

View full text Add to dashboard Cite

show abstract

“…labor force exit, across various levels of individual human capital. Song and Manchester (2007) find that there are large differences in the response to changes in the Social Security earnings test along the income distribution. Similarly, Mastrobuoni (2009) finds stronger responses to retirement incentives among men with less formal education.…”

Section: Introductionmentioning

confidence: 84%

“…4 We thus follow the literature (e.g. Coile and Gruber 2007, Chan and Stevens 2004, or Song and Manchester 2007 and consider transitions to retirement conditional on labor force participation at the first interview. Therefore the causal effects measured in our approach can be considered as treatment effects on the treated rather than average treatment effects.…”

mentioning

confidence: 99%

The timing of retirement — New evidence from Swiss female workers

Hanel

Riphahn

2012

Labour Economics

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Timing of Retirement -New Evidence from Swiss Female Workers Terms of use: Documents in EconStor may AbstractWe investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform increased women's normal retirement age (NRA) in two steps from age 62 to age 63 first and then to age 64. At the same time retirement at the previous NRA became possible at a benefit discount. Since the reform affected specific birth cohorts we can identify causal effects. We find strong and robust behavioral effects of changes in financial retirement incentives. A permanent reduction of retirement benefits by 3.4 percent induces a decline in the age-specific annual retirement probability by over 50 percent. The response to changes in financial retirement benefits varies with educational background: those with low education respond most strongly to an increase in the price of leisure.JEL-Code: J260, H550, J140.

show abstract

“…An exception is Kuhn et al (2010), who find that access to more generous early retirement rules increased mortality among male blue-collar workers in Austria. 3 For example, Mastrobuoni (2009) and Song and Manchester (2007) show that the labor force exit in the USA amount to about half the age increase. Hanel and Riphahn (2012) and Lalive and Staubli (2015) show that the Swiss 2-year increase delayed women's average exit by 7.7 months.…”

Section: Previous Literaturementioning

confidence: 99%

The effects of increasing the normal retirement age on health care utilization and mortality

Hagen

2017

J Popul Econ

View full text Add to dashboard Cite

This essay estimates the health effects of increasing the normal retirement age using Swedish administrative data on drug prescriptions, hospitalizations, and mortality. To this end, I use a reform that raised the age at which broad categories of Swedish local government workers were entitled to retire with full pension benefits from 63 to 65. Estimating the effect of the reform on individuals' health within the age range 65-69, the results show no evidence that the reform impacted mortality or health care utilization. Increasing the normal retirement age may thus have positive government income effects without seriously affecting short to medium run government health care expenditures.

show abstract

New evidence on earnings and benefit claims following changes in the retirement earnings test in 2000

Cited by 127 publications

References 18 publications

The Effects of Collecting Income Taxes on Social Security Benefits

The Effects of Collecting Income Taxes on Social Security Benefits

The timing of retirement — New evidence from Swiss female workers

The effects of increasing the normal retirement age on health care utilization and mortality

Contact Info

Product

Resources

About