As the U.S. population ages, often in better health than our parents and grandparents, the notion of retirement is starting to evolve, and retirement paths have become as variable as ice cream flavors: One person may partake of the traditional…
Reprise for Tax Day: Labor supply and payroll taxes With policymakers proposing payroll tax reform with a view to promote the solvency of Social Security and Medicare, the research community has turned to examining whether changes to payroll taxes alone…
In our last exciting episode, Mike and Mary decided to keep working rather than take early retirement at age 62. They realized that they were behind in their retirement savings goals and likely to live longer than average given…
Mary and Mike, known as “M&M” to their friends, turn 62 in 2018 — the earliest age they can retire and claim their Social Security benefits. Mike has worked full-time for 40 years, although he experienced a year of unemployment…
Researchers have been curious about how the availability of nonemployer-tied medical insurance offered through health care reform would affect retirement. If new options, such as subsidized nongroup policies and expanded Medicaid coverage, led to shorter work lives, it could undermine…