Working for a Good Retirement

Butrica, Barbara A.; Smith, Karen E.; Steuerle, C. Eugene; Schmidt, Lucie

doi:10.1057/9780230591448_6

Cited by 24 publications

(15 citation statements)

References 5 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Butrica, Smith, and Steuerle (2006) demonstrate that retirement age extension has a positive effect on incomes and pensions. However, Lachance (2007) derives a negative correlation between retirement age and social welfare.…”

mentioning

confidence: 87%

Subsidy Policy and Elderly Labor

Miyake

Yasuoka

2017

Ital Econ J

View full text Add to dashboard Cite

In economically developed countries, aging societies with fewer children are progressing. Increased longevity has necessitated postponement of the working retirement age. Our paper presents an examination of how subsidies for an elderly labor supply affect the elderly labor supply. Our paper presents derivation that this subsidy raises the elderly labor supply. Then, the wage rate of younger laborers can be increased because of complementarity between the younger labor supply and older labor supply. This effect is explained as an externality. By virtue of the externality effect, a subsidy to facilitate the elderly labor supply should be provided in support of social welfare.

show abstract

mentioning

confidence: 87%

Subsidy Policy and Elderly Labor

Miyake

Yasuoka

2017

Ital Econ J

View full text Add to dashboard Cite

show abstract

“…Thus, governments offering such programs must design public policies that incentivize shorter periods of time spent in retirement and longer periods of time spent paying into the systems. For example, Butrica, Smith, and Steuerle (2006) estimate that the U.S. government would raise $180 billion in additional tax revenue by 2045 if all workers delayed retirement by one year. As the average age of the population rises and the cost of national entitlement programs increase, government has attempted to encourage later retirement through higher ages of eligibility and lower benefits in such programs as Social Security.…”

Section: Social Security and Medicare Reforms To Promote Delayed Retimentioning

confidence: 99%

Extending Work Life: Can Employers Adapt When Employees Want to Delay Retirement?

Clark¹,

Morrill²

2017

View full text Add to dashboard Cite

“…Butrica, Smith, and Steuerle (2007) estimate that people could increase their annual consumption at older ages more than half by delaying retirement for five years, and 9 percent by waiting only one year. The additional earnings from working longer can also generate income and payroll tax revenues, helping to finance Social Security and other government services.…”

Section: Introductionmentioning

confidence: 99%

“…The additional earnings from working longer can also generate income and payroll tax revenues, helping to finance Social Security and other government services. Butrica, Smith, and Steuerle (2007) estimate that delaying retirement one year would reduce the Social Security deficit in 2045 by 2 percent.…”

Section: Introductionmentioning

confidence: 99%