Adjusting the Payroll Tax to Promote Longer Careers
dc.contributor.author | Laitner, John | |
dc.contributor.author | Silverman, Dan | |
dc.date.accessioned | 2017-09-14T13:28:09Z | |
dc.date.available | 2017-09-14T13:28:09Z | |
dc.date.issued | 2017-07 | |
dc.identifier.citation | Laitner, John, and Dan Silverman. 2017. “Adjusting the Payroll Tax to Promote Longer Careers.” Ann Arbor, MI. University of Michigan Retirement Research Center (MRRC) Working Paper, WP 2017-363. http://www.mrrc.isr.umich.edu/publications/papers/pdf/wp363.pdf | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/138116 | |
dc.description.abstract | This paper analyzes a prospective Social Security reform that a number of authors have suggested, namely a payroll tax cut targeted on households near retirement. Our approach uses simulations of a life-cycle model, which we estimate from panel data. The simulations study effects on the labor force participation of older households. This paper specifically attempts to improve estimates of the model by incorporating newly available data, using both retirement and wealth accumulation data, and employing a formulation that avoids local optima to isolate only global maxima. Despite the changes, our results are generally consistent with earlier work, though they point to slightly more limited policy benefits. | en_US |
dc.description.sponsorship | Social Security Administration, RRC08098401, UM16-01 | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 | en_US |
dc.relation.ispartofseries | WP 2017-363 | en_US |
dc.subject | Social Security, payroll tax, longer work lives | en_US |
dc.title | Adjusting the Payroll Tax to Promote Longer Careers | en_US |
dc.title.alternative | WP 2017-363 | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationum | University of Michigan, Department of Economics, Michigan Retirement Research Center | en_US |
dc.contributor.affiliationother | Arizona State University | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | https://deepblue.lib.umich.edu/bitstream/2027.42/138116/1/wp363.pdf | |
dc.description.filedescription | Description of wp363.pdf : Working paper | |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
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