Tag: retirement age
Abstract Workers drain national resources in two ways when they retire – they begin collecting Social Security and Medicare benefits and they stop paying federal income and payroll taxes. Policies that encourage workers to delay retirement and increase labor supply could generate more gains to individuals, the retirement system, and the economy than other types…
Abstract This paper uses micro-census income data from the Luxembourg Income Study (LIS) and the Medical Expenditure Panel Survey (MEPS) in combination with previously published data on the age profile of public health spending to measure the current and future burden of financing public transfers, particularly benefits supporting the aged and near-aged. The burden of…
