Changing the Social Security Rules for Workers Over 65: Proposed Policies and Their Effects

40 Pages Posted: 30 Dec 2006

See all articles by Alan L. Gustman

Alan L. Gustman

Dartmouth College - Department of Economics; National Bureau of Economic Research (NBER)

Thomas L. Steinmeier

Texas Tech University - Department of Economics and Geography

Date Written: August 1989

Abstract

This paper simulates the effects of proposals to modify procedures for adjusting the Social Security benefits of those who work after normal retirement age. A basic set of policies, currently under consideration, is projected to raise long run costs by $30 billion dollars net of taxes, while inducing an increase of 5 percent in the number of full-time male workers between the ages of 65 and 69. Alternative policies may create very different flows of funds. Outcomes, especially in the short run, will vary widely with the timing of the application decision for benefits.

Suggested Citation

Gustman, Alan L. and Steinmeier, Thomas L., Changing the Social Security Rules for Workers Over 65: Proposed Policies and Their Effects (August 1989). NBER Working Paper No. w3087, Available at SSRN: https://ssrn.com/abstract=463504

Alan L. Gustman (Contact Author)

Dartmouth College - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Thomas L. Steinmeier

Texas Tech University - Department of Economics and Geography ( email )

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United States
806-742-2201 (Phone)

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