scholarly journals Medicare Expenditures, Social Security Reform, and the Labor Force Participation of Older Americans

2015 ◽  
Author(s):  
Yuanyuan Deng ◽  
Hugo Benitez-Silva
Keyword(s):  
Social Security ◽  
Labor Force ◽  
Labor Force Participation ◽  
Social Security Reform ◽  
Older Americans

scholarly journals Male labor force participation and social security in Mexico

2013 ◽  
Vol 13 (2) ◽  
pp. 145-171 ◽  
Author(s):  
EMMA AGUILA
Keyword(s):  
Social Security ◽  
Labor Force ◽  
Labor Force Participation ◽  
Early Retirement ◽  
Social Security System ◽  
Security System ◽  
Financial Sustainability ◽  
Social Security Systems ◽  
Retirement Behavior ◽  
Working Age

AbstractLabor force participation among Mexican males in their early retirement years (60–64 years of age) has decreased in recent decades, from 94.6% in 1960 to 65.2% in 2010. Similar trends are evident elsewhere in Latin America, and have occurred in the developed world. Such trends pose challenges to the financial sustainability of social security systems as working-age populations decrease and those in retirement increase both because of demographic trends and decisions to take early retirement. In this study, we find that the Mexican social security system provides incentives to retire early. The retirement incentives of the Mexican social security system affect retirement behavior, and may be one of the main contributors to early retirement decisions, particularly for lower-income populations. We simulated the effect of the reform from a pay-as-you-go to the new Personal Retirement Accounts (PRA) system and we find that the PRA system also provides incentives for early retirement. Further analysis is needed to assess the financial sustainability of the social security system and financial security in old age for the largest cohorts in Mexico that will begin to retire by 2040.

In Debt and Approaching Retirement: Claim Social Security or Work Longer?

2018 ◽  
Vol 108 ◽  
pp. 401-406 ◽  
Author(s):  
Barbara A. Butrica ◽  
Nadia S. Karamcheva
Keyword(s):  
Older Adults ◽  
Social Security ◽  
Labor Force ◽  
Social Security Benefit ◽  
Older Americans ◽  
The Past ◽  
Using Data ◽  
Social Security Benefits ◽  
To Receive ◽  
Retirement Study

Over the past couple of decades, older Americans have become considerably more leveraged. This paper considers whether household debt affects the timing of retirement and Social Security benefit claiming. Using data from the Health and Retirement Study, we find that older adults with debt are more likely to work and less likely to receive Social Security benefits than those who are debt-free. Indebted adults are also more likely to delay fully retiring from the labor force and claiming their benefits. Among the sources of debt, mortgages have a stronger impact on older adults' behavior than do other sources of debt.

Sign in / Sign up

Export Citation Format

Share Document