Tag: older workers
Abstract The purpose of this paper is to review the recent evidence on the antipoverty effectiveness and other characteristics of income maintenance systems for the elderly in the rich nations of the world. As we move toward Social Security reform in the United States, we do so knowing that a comparatively high fraction of our…
Abstract 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…
