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Social Security and the Joint Trends in Labor Supply and Benefits Receipt Among Older Men

October 29, 2009
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Abstract

Using data from the Current Population Surveys, we find an increase in the fraction of older American men who worked without receiving Social Security retirement benefits and a decline in the fraction of men who claimed benefits without working during the period 1980-2006. Using bivariate probit regressions, we find that an increase in Social Security’s normal retirement age decreased labor force participation rate regardless of benefits receipt status; that an increase in the delayed retirement credit increased benefit receipt regardless of labor force status; and that labor force participation and claiming Social Security benefits are strongly and negatively correlated.

Cheerful senior man at home looking at his mail
Cheerful senior man at home looking at his mail
Author(s)
Headshot of Bo MacInnis
Bo MacInnis
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Citation

MacInnis, . 2009. "Social Security and the Joint Trends in Labor Supply and Benefits Receipt Among Older Men" Working Paper 2009-22. Chestnut Hill, MA: Center for Retirement Research at Boston College.

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Associated Project(s)
  • BC08-S5
Topics
Social Security
Publication
Working Paper
Publication Number
WP#2009-22
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