The 1983 Social Security Reforms and Labor Supply Adjustments of Older Individuals in the Long Run
用改进的结构生命周期退休模型,分析1983年社会保障改革对老年工人长期劳动供给的影响,包括提高正常退休年龄至67岁、增加延迟退休信用至8%以及降低收入测试扣减率等措施。
A structural life-cycle retirement model with an improved specification over previous models is used to analyze and compare the long-run effects on the labor supply of older workers of the 1983 Social Security reforms. The effects of separate provisions from the 1983 amendments are examined. These include the raising of the normal retirement age to 67, the increase in the delayed retirement credit to 8%, and the lowering of the reduction rate for earnings over the test amount to $1.00 for every $3.00 of earnings.