Year: 1983
Type: report
Abstract: A structural life-cycle retirement model with an improved specification over previous models is used to analyze and compare the long-run labor supply effects of the rules for Social Security in place in 1972, 1977 and 1983, and for an actuarially fair system.The effects of sepa- rate provisions from the 1983 amendments are examined.These include the raising of the normal retirement age to 67, the increase in the delayed retirement credit to 8 percent, and the lowering of the reduction rate for earnings over the test amount to one dollar for every three dollars of earnings.
DOI: 10.3386/w1212
Authors: Alan Gustman, Thomas Steinmeier
Language: English
Subfield: Demography
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1595699482