TY  - JOUR
AU  - Lazear,Edward P.
TI  - Social Security and Pensions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1322
PY  - 1984
Y2  - April 1984
UR  - http://www.nber.org/papers/w1322
L1  - http://www.nber.org/papers/w1322.pdf
N1  - Author contact info:
Edward P. Lazear
Graduate School of Business
Stanford University
Stanford, CA 94305
Tel: 650/723-9136
Fax: 650/723-0498
E-Mail: lazear@stanford.edu
AB  - Recent and proposed changes in the social security statutes can have profound effects on worker behavior and on pensions themselves. In the context of an optimal lifetime compensation plan, pensions depend on efficient dates of retirement. To the extent that changes in social security affect the efficient date of retirement, both the pension and the wage profile itself will react. Four proposed changes in the social security system are analyzed.The cost savings associated with the change, as well as the effect on pensions and worker compensation in general are discussed.
ER  -