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- Publisher Website: 10.1016/j.labeco.2011.02.001
- Scopus: eid_2-s2.0-80052259934
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Article: Social Security and elderly labor supply: Evidence from the Health and Retirement Study
Title | Social Security and elderly labor supply: Evidence from the Health and Retirement Study |
---|---|
Authors | |
Keywords | Labor Supply Notch Cohorts Social Security |
Issue Date | 2011 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/labeco |
Citation | Labour Economics, 2011, v. 18 n. 5, p. 676-686 How to Cite? |
Abstract | This study uses panel data from the Health and Retirement Study (HRS) to estimate the effects of Social Security income on elderly labor supply in the 1990s and early 2000s. The identification strategy takes advantage of the 1977 amendments to the Social Security Act, which led to a large, unanticipated reduction in Social Security benefits for those born after January 1, 1917. Despite the advanced age of the notch cohorts, there is a significant, negative and surprisingly elastic relationship between Social Security income and hours of work. This suggests that currently proposed reductions in benefits would induce Social Security recipients to work more hours in retirement, even through their 70s and early 80s. © 2011 Elsevier B.V. |
Persistent Identifier | http://hdl.handle.net/10722/177789 |
ISSN | 2023 Impact Factor: 2.2 2023 SCImago Journal Rankings: 1.818 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Vere, JP | en_US |
dc.date.accessioned | 2012-12-19T09:39:54Z | - |
dc.date.available | 2012-12-19T09:39:54Z | - |
dc.date.issued | 2011 | en_US |
dc.identifier.citation | Labour Economics, 2011, v. 18 n. 5, p. 676-686 | en_US |
dc.identifier.issn | 0927-5371 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177789 | - |
dc.description.abstract | This study uses panel data from the Health and Retirement Study (HRS) to estimate the effects of Social Security income on elderly labor supply in the 1990s and early 2000s. The identification strategy takes advantage of the 1977 amendments to the Social Security Act, which led to a large, unanticipated reduction in Social Security benefits for those born after January 1, 1917. Despite the advanced age of the notch cohorts, there is a significant, negative and surprisingly elastic relationship between Social Security income and hours of work. This suggests that currently proposed reductions in benefits would induce Social Security recipients to work more hours in retirement, even through their 70s and early 80s. © 2011 Elsevier B.V. | en_US |
dc.language | eng | en_US |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/labeco | en_US |
dc.relation.ispartof | Labour Economics | en_US |
dc.subject | Labor Supply | en_US |
dc.subject | Notch Cohorts | en_US |
dc.subject | Social Security | en_US |
dc.title | Social Security and elderly labor supply: Evidence from the Health and Retirement Study | en_US |
dc.type | Article | en_US |
dc.identifier.email | Vere, JP: jpvere@hku.hk | en_US |
dc.identifier.authority | Vere, JP=rp01104 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1016/j.labeco.2011.02.001 | en_US |
dc.identifier.scopus | eid_2-s2.0-80052259934 | en_US |
dc.identifier.hkuros | 194848 | - |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-80052259934&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 18 | en_US |
dc.identifier.issue | 5 | en_US |
dc.identifier.spage | 676 | en_US |
dc.identifier.epage | 686 | en_US |
dc.identifier.isi | WOS:000295314600009 | - |
dc.publisher.place | Netherlands | en_US |
dc.identifier.scopusauthorid | Vere, JP=23487024400 | en_US |
dc.identifier.citeulike | 8887041 | - |
dc.identifier.issnl | 0927-5371 | - |