ISR|SRC|Michigan Retirement Research Center|UofM
Mailing List | News | Contact Us
Follow onTwitter
Main photo Promoting research on retirement and Social Security policy

Key Findings Details

Projecting Behavioral Responses to the Next Generation of Retirement Policies
Alan L. Gustman and Thomas L. Steinmeier
WP 2007-153

  • From age 62 through full retirement age, the earnings test reduces full-time work by married men by about four percentage points, or by about ten percent of married men at full-time work.
  • Abolishing a minimum hours constraint on employment would induce more than twice as many people to enter partial retirement as would leave full-time work.
  • If all benefits from personal accounts could be taken as a lump sum, the fraction not retired at age 62 would fall by about 5 percentage points compared to a system where there is mandatory annuitization of benefits.