NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Retirement Effects of Proposals by the President's Commision to Strengthen Social Security

Alan L. Gustman, Thomas L. Steinmeier

NBER Working Paper No. 10030
Issued in October 2003
NBER Program(s):   AG   LS   PE

A structural dynamic model of retirement and saving is used to simulate the retirement effects of proposals made by the President's Commission to Strengthen Social Security. Provisions reducing the growth in real benefits and increasing actuarial incentives to work reduce retirements. They more than offset increases in retirements caused by individual accounts, increased benefits for low wage workers and survivors, and reductions in the top AIME bracket. By 2075, the Commission's proposals would reduce retirements at age 62 by roughly 4 percentage points, mitigating an 8.7 percentage point trend to earlier retirement projected to reassert itself after its recent interruption.

download in pdf format
   (773 K)

email paper

The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.

This paper is available as PDF (773 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w10030

Published: Gustman, Alan L. and Thomas L. Steinmeier. "Retirement Effects Of Proposals By The President's Commission To Strengthen Social Security," National Tax Journal, 2005, v58(1,Mar), 27-49.

Users who downloaded this paper also downloaded these:
Gustman and Steinmeier w14105 How Changes in Social Security Affect Recent Retirement Trends
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us