Social Security's Delayed Retirement Credit and the Labor Supply of Older Men

Jonathan F. Pingle;

doi:10.17016/feds.2006.37

Social Security's Delayed Retirement Credit and the Labor Supply of Older Men

Finance and Economics Discussion Series ◽

10.17016/feds.2006.37 ◽

2006 ◽

Vol 2006 (37) ◽

pp. 1-28 ◽

Cited By ~ 1

Author(s):

Jonathan F. Pingle ◽

Keyword(s):

Labor Supply ◽

Older Men

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The Repeal of the Retirement Earnings Test and the Labor Supply of Older Men

SSRN Electronic Journal ◽

10.2139/ssrn.1299703 ◽

2007 ◽

Cited By ~ 4

Author(s):

Gary V. Engelhardt ◽

Anil Kumar

Keyword(s):

Labor Supply ◽

Older Men ◽

Earnings Test

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The repeal of the retirement earnings test and the labor supply of older men

Journal of Pension Economics and Finance ◽

10.1017/s1474747208003892 ◽

2009 ◽

Vol 8 (4) ◽

pp. 429-450 ◽

Cited By ~ 13

Author(s):

GARY V. ENGELHARDT ◽

ANIL KUMAR

Keyword(s):

Labor Supply ◽

Time Preference ◽

Senior Citizens ◽

Liquidity Constraints ◽

Older Men ◽

The Social ◽

Earnings Test ◽

Using Data ◽

The Impact ◽

Retirement Study

AbstractThis paper examines the impact of the Senior Citizens Freedom to Work Act of 2000, which abolished the Social Security retirement earnings test for those aged 65–69, on the labor supply of older men using data from the 1996–2004 waves of the Health and Retirement Study (HRS). We use the fine structure of the 2000 Act to develop a new measure of exposure to the earnings test that varies across calendar years both by month and year of birth. We find that much, if not all, of the labor-supply response occurred for sub-groups of men who, either because of high mortality risk, high rates of pure time preference, or liquidity constraints, may have found the actuarial adjustment built into the earnings test relatively disadvantageous, particularly the lesser educated.

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