Effects of social security policies on benefit claiming, retirement and saving

被引:36
作者
Gustman, Alan L. [1 ]
Steinmeier, Thomas L. [2 ]
机构
[1] Dartmouth Coll, Dept Econ, Hanover, NH 03755 USA
[2] Texas Tech Univ, Dept Econ, Lubbock, TX 79409 USA
关键词
Social Security; Benefit claiming; Retirement; Pensions; Saving; Life cycle; Aging; Dynamic models; Intertemporal choice; HEALTH; CONSUMPTION; KNOWLEDGE; PENSIONS; BEHAVIOR; WAGES;
D O I
10.1016/j.jpubeco.2015.07.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals from states of lesser to greater work. The model is estimated with Health and Retirement Study data. Alternative beliefs about the future of Social Security affect claiming behavior. Effects of three potential policies are also examined: increasing the early entitlement age, increasing the full retirement age, and eliminating the payroll tax for seniors. Predicted responses to increasing the full entitlement age are sensitive to beliefs. (C) 2015 Elsevier B.V. All rights reserved.
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页码:51 / 62
页数:12
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