This dissertation investigates the impact of Social Security on the retirement decision. In the first half of the dissertation, I investigate the impact of the repeal of the Retirement Earnings Test (RET) for 65-to-69-year olds on the labor supply…
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Author: Tran, Bac Viet
Source: University of Maryland
Contents
Chapter One: Introduction
How Social Security Affects Labor Supply
Repeal of the Retirement Earnings Test
Joint Retirement
Chapter Two: The Impact of the Repeal of the Retirement Earnings Test on the Labor Supply of Older Workers
Introduction
Brief History of the Retirement Earnings Test
Literature on the Effect of Retirement Earnings Test on
Labor Supply
The Retirement Earnings Test as a Tax in the Life-Cycle
Context
When to Start Claiming Social Security Benefits
What about Spouse’s Benefits?
How Much Money Was Taxed Away Prior to the
Repeal?
Expected Economic Consequences of the Repeal
Econometric Model
Notes on the Comparison Group
Caveats with a Differences-in-Differences Model
Data Set
Results
Robustness Tests
Auxiliary Results
Discussion
Chapter Three: Why is Husband’s Labor Supply Strongly Correlated with
Wife’s Labor Supply? The Case of Older Couples
Introduction
Brief Review of the Literature
Age Discrimination Laws Across States
Data
Econometric Model
Results
Discussion
Chapter Four: Conclusion
Appendix: Tables
Figures
References: