Reconsidering the Social Security Notch and retirement: Wealth and incentive effects

Reconsidering the Social Security Notch and retirement: Wealth and incentive effects

Using the Health and Retirement Study, we show that studies using the Social Security Notch cannot separately identify the effects of retirement wealth and forward-looking incentives on retirement because the Notch natural experiment changed both factors in offsetting ways.

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Veröffentlicht in:Economics letters 2015-07, Vol.132, p.65-68
Hauptverfasser: Moulton, Jeremy Grant, Stevens, Ann Huff
Format: Artikel
Sprache:eng
Schlagworte:
Economic incentives
Health
Monetary incentives
Retirement
Retirement benefits
Social policy
Social security
Studies
Wealth
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Beschreibung
Zusammenfassung:Using the Health and Retirement Study, we show that studies using the Social Security Notch cannot separately identify the effects of retirement wealth and forward-looking incentives on retirement because the Notch natural experiment changed both factors in offsetting ways.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2015.04.016