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

Bo MacInnis

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

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.

Pages: 39 pages
Date: 2009-10, Revised 2009-10
New Economics Papers: this item is included in nep-age and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:crr:crrwps:wp2009-22

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