U.S. Social Security Administration, Office of Policy.

How Have People Responded to Changes in the Retirement Earnings Test in 2000?

 
by Jae G. Song and Joyce Manchester
Social Security Bulletin, Vol. 67 No. 1, 2007
Rates of work participation and benefit entitlement, by age group, 1996–2003 (in percent)
Year Turning ages 62–64 Turning age 65 Attained ages 65–69 Attained ages 70–72
Work participation
1996 52.33 40.52 26.30 15.79
1997 53.43 42.00 27.27 16.45
1998 53.98 42.93 28.32 17.17
1999 54.66 43.52 29.22 17.60
2000 55.67 44.85 30.72 18.87
2001 55.73 45.09 31.43 18.87
2002 55.39 45.13 31.85 19.48
2003 55.38 44.76 32.09 19.56
Benefit entitlement
1996 55.18 85.59 89.78 91.87
1997 54.19 85.21 89.60 91.94
1998 53.74 84.67 89.35 92.02
1999 53.30 85.26 89.38 92.04
2000 52.87 89.76 90.63 92.15
2001 51.93 89.27 91.00 91.81
2002 50.49 88.84 90.98 91.98
2003 48.65 85.38 91.18 91.96
SOURCE: Authors' tabulations using the 1 percent extract of the Social Security Administration's Master Earnings File and Master Beneficiary Record.

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