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After nearly a century of decline, work activity among older men stabilized in the 1980s and since the early 1990s the average retirement age has increased by about three years. The question is whether the factors that led to the increase over the last 30 years – changes to Social Security, retirement plans…
The Earned Income Tax Credit (EITC) – a refundable credit that rises with earnings up to a point before phasing out – is one of the federal government’s largest poverty reduction programs. The EITC’s design – which yields no benefit to non-workers – has been found to encourage employment among lower-income individuals. This rare combination…
