Tag: Social Security
Highlights of the 2011 Trustees Report: Social Security’s deficit is still about 2 percent of payroll. Deficit as a percent of GDP is less than 1 percent. Trust fund exhaustion moved up one year to 2036. Items of note: COLA is expected to be back after a two-year hiatus. Disability Insurance Trust Fund exhausts its…
Abstract In this paper we analyze the effect of Social Security regime changes on labor force participation of 50-80-year-old men across and within 13 countries: Argentina, Austria, Brazil, Chile, France, Greece, Malaysia, Mexico, Panama, Portugal, South Africa, Spain, and the United States. Labor force participation of men ages 50-80 has declined dramatically since 1960, despit…
