Labor supply effects of the recent social security benefit cuts: Empirical estimates using cohort discontinuities
Labor supply effects of the recent social security benefit cuts: Empirical estimates using cohort discontinuities
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DOI：
10.1016/j.jpubeco.2009.07.009
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发表时间：
2009-12-01
影响因子：
9.8
通讯作者：
Mastrobuoni, Giovanni
中科院分区：
文献类型：
--
作者：
Mastrobuoni, Giovanni
20年前，为了应对社会保障融资方面的“危机”，国会将1938年及以后出生的人群的正常退休年龄(NRA)提高了2个月。这些人从2000年开始达到退休年龄。本文研究了这些福利削减对最近退休行为的影响。证据表明，受影响人群的平均退休年龄增加了约为全国步枪协会增加的一半。如果老年工人继续以同样的方式增加劳动力供应，可能会对社会保障信托基金耗尽的估计产生重要影响，这些估计在最近的社会保障改革讨论中发挥了如此重要的作用。(C)2009爱思唯尔B.V.保留所有权利。
In response to a "crisis" in Social Security financing two decades ago Congress implemented an increase in the Normal Retirement Age (NRA) of 2 months per year for cohorts born in 1938 and after. These cohorts began reaching retirement age in 2000. This paper studies the effects of these benefit cuts on recent retirement behavior. The evidence suggests that the mean retirement age of the affected cohorts has increased by about half as much as the increase in the NRA. If older workers continue to increase their labor supply in the same way, there might be important implications for the estimates of Social Security trust fund exhaustion that have played such a major role in recent discussions of Social Security reform. (C) 2009 Elsevier B.V. All rights reserved.