Social Security's Delayed Retirement Credit and the Labor Supply of Older Men

Pingle, Jonathan F.

doi:10.2139/ssrn.951209

Cited by 23 publications

(15 citation statements)

References 21 publications

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“…See Leonesio (1990) for a detailed discussion regarding actuarial fairness. See Pingle (2006) for a detailed discussion regarding recent changes to the DRC. 4.…”

Section: Figurementioning

confidence: 99%

The Effect of the Social Security Earnings Test on Male Labor Supply: New Evidence from Survey and Administrative Data

Haider¹,

Loughran²

2008

Journal of Human Resources

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a b s t r a c tDespite numerous empirical studies, there is surprisingly little agreement about whether the Social Security earnings test affects male labor supply. In this paper, we provide a comprehensive analysis of the labor supply effects of the earnings test using longitudinal administrative earnings data and more commonly used survey data. We find that the response to the earnings test in survey data is obfuscated by measurement error and labor market rigidities. Accounting for these factors, our results suggest a consistent and substantial response to the earnings test, especially for younger men.

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“…See Leonesio (1990) for a detailed discussion regarding actuarial fairness. See Pingle (2006) for a detailed discussion regarding recent changes to the DRC. 4.…”

Section: Figurementioning

confidence: 99%

The Effect of the Social Security Earnings Test on Male Labor Supply: New Evidence from Survey and Administrative Data

Haider¹,

Loughran²

2008

Journal of Human Resources

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“…This restriction excludes about 8% of the weighted sample in the SCF. Table 2 depicts the average unemployment rates and duration by age and education in both 2005-2006and 2009-2010 The table documents that both the level of the unemployment rate and the magnitude of the increase in the unemployment rate vary by age and education. In particular, young, low-education individuals experienced the highest odds of unemployment in the prerecession data, and they also observed the largest percentage point increase in unemployment rates during the Great Recession.…”

Section: 2mentioning

confidence: 98%

How Well Did Social Security Mitigate the Effects of the Great Recession?

Peterman

Sommer

2019

Int Economic Review

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Using a computational life cycle model, this article assesses how Social Security affects the welfare of different types of individuals during the Great Recession. Overall, we find that Social Security reduces the average welfare losses for agents alive at the time of the Great Recession by the equivalent of 1.4% of expected future lifetime consumption. Moreover, we show that although the program mitigates some of the welfare losses for most agents, it is particularly effective at mitigating the losses for agents who are poorer and/or older at the time of the shock.

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“…A number of studies estimated the effect of raising the FRA on the timing of an individual’s exit from the labor force or claiming of Social Security benefits (Behaghel & Blau, 2012; Blau & Goodstein, 2010; Kopczuk & Song, 2008; Mastrobuoni, 2009; Pingle, 2006; Song & Manchester, 2008). These studies consistently find that raising the FRA is associated with declines in the probability of claiming at a given age.…”

Section: Literature Reviewmentioning

confidence: 99%

Raising the Social Security Entitlement Age

2016

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An aging America presents challenges but also brings social and economic capital. We quantify public revenues from, and public expenditures on, Americans aged 65 and older, the value of their unpaid, productive activities and financial gifts to family. Using microsimulation, we project the value of these activities, and government revenues and expenditures, under different scenarios of change to the Old Age and Survivors Insurance eligibility age through 2050. We find the value of unpaid productive activities and financial gifts are US$721 billion in 2010, while net (of tax revenues) spending on the 65 years and older is US$984 billion. Five-year delay in the full retirement age decreases federal spending by 10%, while 2-year delay in the early entitlement age increases it by 1.5%. The effect of 5-year delay on unpaid activities and transfers is small: US$4 billion decrease in services and US$4.5 billion increase in bequests and monetary gifts.

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Social Security's Delayed Retirement Credit and the Labor Supply of Older Men

Cited by 23 publications

References 21 publications

The Effect of the Social Security Earnings Test on Male Labor Supply: New Evidence from Survey and Administrative Data

The Effect of the Social Security Earnings Test on Male Labor Supply: New Evidence from Survey and Administrative Data

How Well Did Social Security Mitigate the Effects of the Great Recession?

Raising the Social Security Entitlement Age

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