Abstract
Jay Stewart (1995) "Do Older Workers Respond to Changes in
Social Security Benefits? A Look at the Time Series Evidence."
This paper uses time series data to examine the effect of Social Security on the
participation rates of older men. The evidence indicates that changes in the level of
Social Security benefits have a large affect on the participation rates of 62- to 64- and
65- to 69-year-old men, and that this effect occurs with a lag of 1-3 years. Increases in
Social Security benefits accounted for 37 percent of the decrease in participation rates
of 65- to 69-year-old men between 1954 and 1990. For 62- to 64-year-old men, Social
Security accounts for 40 percent of the decline since 1963.
Last Modified Date: July 19, 2008
|
