Tag: Social Security
The brief’s key findings are: The Social Security payroll tax supports: 1) the cost of current benefits; and 2) the “legacy cost” of paying benefits in excess of contributions to early generations. Covering current costs through the payroll tax gives workers’ a sense that they have earned their benefits and provides a stable revenue sourc…
Abstract This paper examines the effect of changes in immigrant eligibility for Supplemental Security Income in 1996 on the employment and retirement behaviors of foreign-born elderly persons. I find that denial of SSI was associated with a 5 percentage point (15 percent) increase in the employment of non-citizen elderly men and a 5.6 percentage point…
