Social Security and Retirees' Decision to Work

Mark Votruba
Additional contact information
Mark Votruba: Case Western Reserve University

No 107, Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: Non-linearities in the Social Security benefits formula are used to estimate the effect of benefit size on the probability married beneficiaries work after initiating benefits. Consistent with economic theory, benefit size has a significant, negative effect on the probability of post-retirement work. A 10% increase in benefit size decreases the probability of work 3-4 percentage points for recently retired husbands (from a mean of 25.5%) and 2-3 percentage points for recently retired wives (from a mean of 12.8%). For both spouses, the effect erodes in later years of retirement.

Keywords: Social Security; retirement; labor supply (search for similar items in EconPapers)
JEL-codes: H55 J14 J22 J26 (search for similar items in EconPapers)
Date: 2003-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://gceps.princeton.edu/wp-content/uploads/2017/01/95votruba.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: https://EconPapers.repec.org/RePEc:pri:cepsud:95

Access Statistics for this paper

More papers in Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies. Contact information at EDIRC.
Bibliographic data for series maintained by Bobray Bordelon ().