Do Stronger Age Discrimination Laws Make Social Security Reforms More Effective?

52 Pages Posted: 17 Nov 2011 Last revised: 19 Nov 2011

See all articles by David Neumark

David Neumark

University of California, Irvine - Department of Economics; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Joanne Song McLaughlin

University at Buffalo

Multiple version iconThere are 2 versions of this paper

Date Written: September 1, 2011

Abstract

Supply-side Social Security reforms to increase employment and delay benefit claiming among older individuals may be frustrated by age discrimination. We test for policy complementarities between supply-side Social Security reforms and demand-side efforts to deter age discrimination, specifically studying whether stronger state-level age discrimination protections enhanced the impact of the increases in the Social Security Full Retirement Age (FRA) that occurred in the past decade. The evidence indicates that, for older individuals who were "caught" by the increase in the FRA, benefit claiming reductions and employment increases were sharper in states with stronger age discrimination protections.

Keywords: retirement, supply-side, FRA

Suggested Citation

Neumark, David and McLaughlin, Joanne, Do Stronger Age Discrimination Laws Make Social Security Reforms More Effective? (September 1, 2011). Michigan Retirement Research Center Research Paper No. WP 2011-249, Available at SSRN: https://ssrn.com/abstract=1960716 or http://dx.doi.org/10.2139/ssrn.1960716

David Neumark (Contact Author)

University of California, Irvine - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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IZA Institute of Labor Economics

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Joanne McLaughlin

University at Buffalo ( email )

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