کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5100159 1478765 2017 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Changes in spending and labor supply in response to a Social Security benefit cut: Evidence from stated choice data
ترجمه فارسی عنوان
تغییرات در هزینه و عرضه نیروی کار در پاسخ به کاهش مزایای تامین اجتماعی: شواهد از داده های انتخابی اعلام شده
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We investigate how individuals in the U.S. expect to adjust their labor force participation and savings if Social Security benefits were cut by 30 percent. Respondents were asked directly what they would do under this scenario. Using the resulting stated choice data we find that respondents would on average reduce spending by 18.2 percent before retirement and 20.4 percent after retirement. About 34.1% of respondents state they would definitely work longer and they would postpone claiming Social Security by 1.1 years. We investigate how working longer and claiming Social Security later would compensate partially for the loss in benefits among the individuals who are currently working, under the assumption that individuals retire and claim at the same time. Individuals would increase their Social Security benefits from the post-reform level due to additional earnings entering the benefit calculation and a smaller early claiming penalty (or higher delayed claiming credit). As a result, the Social Security benefit people would receive would drop on average by 21 rather than 30 percent. Still, the net financial loss, even after accounting for additional earnings, is sizeable for individuals in the lowest wealth tertile.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of the Economics of Ageing - Volume 10, December 2017, Pages 34-50
نویسندگان
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