Friday, November 6, 2009

Upcoming event: Social Security reform and labor force participation of seniors

On Friday November 13 at AEI we'll be holding a panel discussion titled "Keeping Granny on the Job" looking at the ways in which Social Security and Social Security reform can affect incentives for individuals to delay retirement.

I will present a paper co-authored with David Weaver and Gayle Reznik of SSA titled "Social Security and Marginal Returns to Work Near Retirement" that analyzes the increase in benefits that accompanies an additional year of work for near-retirees. (The short answer is 'not much', but the reasons are interesting.)

The second paper will be presented by Estelle James, a pension consultant and lead author of the World Bank's "Averting the Old Age Crisis." The paper, co-authored with Alejandra Cox Edwards of California State University, Long Beach, is titled "Do Individual Accounts Postpone Retirement: Evidence from Chile." It looks at the labor force participation of individuals under Chile's reformed pension plan, which is generally actuarially neutral with regard to additional work, relative to individuals who remained under the previous defined benefit program.

Jagadeesh Gokhale, senior fellow at the Cato Institute, will provide commentary. It should be an interesting event.

The panel is from 12 to 2 pm; lunch will be provided. Click here to register.

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