Social Security And Early Retirement

Author : Robert Fenge,Pierre Pestieau
Publisher : CESifo Book
Page : 160 pages
File Size : 48,5 Mb
Release : 2005
Category : Business & Economics
ISBN : UCSC:32106018706736

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Social Security and Early Retirement by Robert Fenge,Pierre Pestieau Pdf

Theoretical and empirical analysis of the relationship between retirement decision and pension systems, with policy recommendations for reversing the current trend toward early retirement. The contrasting trends toward earlier retirement and greater longevity have resulted in steadily increasing retirement costs over the last forty years. One important factor influencing early retirement decisions is the expansion of retirement benefits; but studies predict that most countries, particularly those with early retirement incentives, will be unable to meet future pension and social security obligations. In this timely CESifo volume, Robert Fenge and Pierre Pestieau examine empirical and theoretical evidence that explains why early retirement has become such a burden for social security systems and suggest pension system reforms that will reverse the trend. Drawing on evidence from the European Union (with comparisons to other industrialized countries including the United States and Canada), the authors demonstrate that the effective retirement age is influenced by social security regulations (such as a change in eligibility age) and discuss ways of measuring these embedded incentives. Fenge and Pestieau examine the implicit taxes on prolonged working life from normative and political economy perspectives. They discuss optimal payroll tax rates that minimize distortions of labor supply and retirement decisions and consider alternative ways to finance benefits, including consumption and capital income taxation. They discuss why policies are designed to discourage employment among older workers and why reforms to counter this often meet resistance. They demonstrate, contrary to the belief of many European governments, that pushing older workers into retirement does not free jobs for young unemployed workers. They show that the gap between salaries and productivity is an incentive for employers to rid themselves of older workers and argue that governments should not support this behavior by compensating older workers for the difference between severance payments and salaries in early retirement programs.

Author : Jonathan Gruber,David A. Wise
Publisher : University of Chicago Press
Page : 552 pages
File Size : 49,6 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 9780226310008

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Social Security Programs and Retirement around the World by Jonathan Gruber,David A. Wise Pdf

The future of Social Security is troubled, both in the United States and in most other developed countries with aging populations. As improvements in health care and changes in life styles enable retirees to live longer than ever before, the stress on national budgets will increase substantially. In Social Security Programs and Retirement around the World, Jonathan Gruber, David A. Wise, and experts in many countries examine the consequences of reforming retirement benefits in a dozen nations. Drawing on the work of an international group of noted economists, the editors argue that social security programs provide strong incentives for workers to leave the labor force by retiring and taking the benefits to which they are entitled. By penalizing work, social security systems magnify the increased financial burden caused by aging populations, thus contributing to the insolvency of the system. This book is a model of comparative analysis that evaluates the effects of illustrative policies for countries facing the impending rapid growth of social security benefits. Its insights will help inform one of the most pressing debates.

Author : United States. Social Security Administration. Office of Research and Statistics
Publisher : Unknown
Page : 334 pages
File Size : 55,8 Mb
Release : 1976
Category : Government publications
ISBN : UCSC:32106008624105

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Reaching Retirement Age by United States. Social Security Administration. Office of Research and Statistics Pdf

Author : Carrie Schwab-Pomerantz,Joanne Cuthbertson
Publisher : Crown Currency
Page : 434 pages
File Size : 48,7 Mb
Release : 2014-04-01
Category : Business & Economics
ISBN : 9780804137362

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The Charles Schwab Guide to Finances After Fifty by Carrie Schwab-Pomerantz,Joanne Cuthbertson Pdf

Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.

Author : United States. Congress. Senate. Special Committee on Aging. Subcommittee on Retirement and the Individual
Publisher : Unknown
Page : 228 pages
File Size : 40,7 Mb
Release : 1967
Category : Retirement
ISBN : UOM:39015026219983

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Retirement and the Individual: Early retirement and related subjects by United States. Congress. Senate. Special Committee on Aging. Subcommittee on Retirement and the Individual Pdf

Author : United States. Congress. Senate. Special Committee on Aging
Publisher : Unknown
Page : 104 pages
File Size : 43,8 Mb
Release : 1981
Category : Retirement age
ISBN : PURD:32754066663513

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Social Security Oversight: Early retirement by United States. Congress. Senate. Special Committee on Aging Pdf

Author : Eric R. Kingson
Publisher : Unknown
Page : 116 pages
File Size : 55,9 Mb
Release : 1981
Category : Early retirement
ISBN : UCR:31210024745471

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The Early Retirement Myth by Eric R. Kingson Pdf

Author : Anonim
Publisher : Unknown
Page : 20 pages
File Size : 51,9 Mb
Release : 2024-06-14
Category : Postemployment benefits
ISBN : IND:30000061411702

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Social Security Retirement Benefits by Anonim Pdf

Author : Tom Margenau
Publisher : Creators Publishing
Page : 69 pages
File Size : 52,9 Mb
Release : 2020-12-15
Category : Business & Economics
ISBN : 9781949673500

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Social Security: Simple and Smart by Tom Margenau Pdf

The Social Security program touches the lives of Americans young and old. Almost everyone has a Social Security number and a job that deducts Social Security taxes from his or her paycheck. And more than 60 million Americans, 1 out of every 6 people in the country, collect a monthly Social Security check. Social Security spending makes up about one-fourth of the entire federal budget.A program this big is bound to have complex laws and regulations. Tom Margenau has been helping people understand Social Security for almost 50 years, both as a Social Security Administration employee and as a nationally syndicated columnist for Creators Syndicate. Now, for the first time, he has gathered all of his knowledge and advice into a series of easy-to-read fact sheets and placed them in this book. Simply find the fact sheet that covers the topic you are interested in, and you will improve your understanding of how Social Security affects you and your family.

Author : David A. Wise
Publisher : University of Chicago Press
Page : 470 pages
File Size : 49,6 Mb
Release : 2012-09-15
Category : Business & Economics
ISBN : 9780226921952

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Social Security Programs and Retirement around the World by David A. Wise Pdf

In nearly every industrialized country, large aging populations and increased life expectancy have placed enormous pressure on social security programs—and, until recently, the pressure has been compounded by a trend toward retirement at an earlier age. With a larger fraction of the population receiving benefits, in coming decades social security in many countries may have to be reformed in order to remain financially viable. This volume offers a cross-country analysis of the effects of disability insurance programs on labor force participation by older workers. Drawing on measures of health that are comparable across countries, the authors explore the extent to which differences in the labor force are determined by disability insurance programs and to what extent disability insurance reforms are prompted by the circumstances of a country’s elderly population.

Author : Janice Ann Olson
Publisher : Unknown
Page : 32 pages
File Size : 43,6 Mb
Release : 1999
Category : Early retirement
ISBN : CORNELL:31924087514760

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Who is "62 Enough" by Janice Ann Olson Pdf

Author : Alicia Haydock Munnell
Publisher : Unknown
Page : 212 pages
File Size : 50,5 Mb
Release : 1977
Category : Business & Economics
ISBN : UOM:39015004167048

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The Future of Social Security by Alicia Haydock Munnell Pdf

Monograph on the impact of the social security and old age benefit programme on personal saving for retirement in the USA - includes the research methodology. Bibliography pp. 133 to 136, references and statistical tables.

Author : J. L. Matthews,Dorothy Matthews Berman
Publisher : NOLO
Page : 326 pages
File Size : 48,7 Mb
Release : 1999
Category : Business & Economics
ISBN : 0873374878

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Social Security, Medicare, and Pensions by J. L. Matthews,Dorothy Matthews Berman Pdf

Covers retirement, disability, survivor and health care benefits.

Author : Jonathan Gruber,David A. Wise
Publisher : University of Chicago Press
Page : 752 pages
File Size : 53,5 Mb
Release : 2009-02-15
Category : Political Science
ISBN : 9780226309989

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Social Security Programs and Retirement around the World by Jonathan Gruber,David A. Wise Pdf

Social Security Programs and Retirement around the World represents the second stage of an ongoing research project studying the relationship between social security and labor. In the first volume, Jonathan Gruber and David A. Wise revealed enormous disincentives to continued work at older ages in developed countries. Provisions of many social security programs typically encourage retirement by reducing pay for work, inducing older employees to leave the labor force early and magnifying the financial burden caused by an aging population. At a certain age there is simply no financial benefit to continuing to work. In this volume, the authors turn to a country-by-country analysis of retirement behavior based on micro-data. The result of research compiled by teams in twelve countries, the volume shows an almost uniform correlation between levels of social security incentives and retirement behavior in each country. The estimates also show that the effect is strikingly uniform in countries with very different cultural histories, labor market institutions, and other social characteristics.

Author : Courtney C. Coile,Kevin Milligan,David A. Wise
Publisher : University of Chicago Press
Page : 347 pages
File Size : 44,8 Mb
Release : 2019-12-12
Category : Business & Economics
ISBN : 9780226619293

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Social Security Programs and Retirement around the World by Courtney C. Coile,Kevin Milligan,David A. Wise Pdf

In developed countries, men’s labor force participation at older ages has increased in recent years, reversing a decades-long pattern of decline. Participation rates for older women have also been rising. What explains these patterns, and the differences in them across countries? The answers to these questions are pivotal as countries face fiscal and retirement security challenges posed by longer life-spans. This eighth phase of the International Social Security project, which compares the social security and retirement experiences of twelve developed countries, documents trends in participation and employment and explores reasons for the rising participation rates of older workers. The chapters use a common template for analysis, which facilitates comparison of results across countries. Using within-country natural experiments and cross-country comparisons, the researchers study the impact of improving health and education, changes in the occupation mix, the retirement incentives of social security programs, and the emergence of women in the workplace, on labor markets. The findings suggest that social security reforms and other factors such as the movement of women into the labor force have played an important role in labor force participation trends.