Economics at your fingertips  

Social Security Reform and Labor Supply

Alan Gustman () and Thomas L. Steinmeier

No 1212, NBER Working Papers from National Bureau of Economic Research, Inc

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 separate 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.

Date: 1983-10
Note: AG LS
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed

Published as Gustman, Alan L. and Thomas L. Steinmeier. "The 1983 Social Security Reforms and Labor Supply Adjustments of Older Individuals in the Long Run." Journal of Labor Economics, Vol. 3, No. 2, (April 1985), pp. 237-253.

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

Page updated 2018-06-05
Handle: RePEc:nbr:nberwo:1212