Social Security and Pensions

49 Pages Posted: 6 Mar 2007 Last revised: 14 Aug 2022

See all articles by Edward P. Lazear

Edward P. Lazear

Stanford Graduate School of Business; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Date Written: April 1984

Abstract

Recent and proposed changes in the social security statutes can have profound effects on worker behavior and on pensions themselves. In the context of an optimal lifetime compensation plan, pensions depend on efficient dates of retirement. To the extent that changes in social security affect the efficient date of retirement, both the pension and the wage profile itself will react. Four proposed changes in the social security system are analyzed.The cost savings associated with the change, as well as the effect on pensions and worker compensation in general are discussed.

Suggested Citation

Lazear, Edward P., Social Security and Pensions (April 1984). NBER Working Paper No. w1322, Available at SSRN: https://ssrn.com/abstract=968633

Edward P. Lazear (Contact Author)

Stanford Graduate School of Business ( email )

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IZA Institute of Labor Economics

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