Retirement Incentives: The Interaction between Employer-Provided Pensions, Social Security, and Retiree Health Benefits

Robin L. Lumsdaine, James Stock and David Wise ()

No 4613, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Proposed changes in the U.S. Social Security provisions include increasing the normal retirement age from 65 to 67 and changing from 3% to 8% the increase in benefits for each year that retirement is delayed after normal retirement. The paper considers the interaction between these changes and the provisions of employer-provided pension plans. For persons with an employer-provided defined benefit plan, the conclusion is that the Social Security changes will have little effect on labor force participation, but that changes in the firm plan - like increasing the early retirement age - would have very large effects on labor force participation.

JEL-codes: J14 J26 (search for similar items in EconPapers)
Date: 1994-01
Note: AG LS PE
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Citations: View citations in EconPapers (13)

Published as The Economic Effects of Aging in the United States and Japan, Michael D. Hurd and Naohiro Yashiro, eds., pp. 261-293, (Chicago: University of Chicago Press, 1997).
Published as Retirement Incentives: The Interaction between Employer-Provided Pensions, Social Security, and Retiree Health Benefits , Robin L. Lumsdaine, James H. Stock, David A. Wise. in The Economic Effects of Aging in the United States and Japan , Hurd and Yashiro. 1996

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Chapter: Retirement Incentives: The Interaction between Employer-Provided Pensions, Social Security, and Retiree Health Benefits (1996)
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