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
Nominal earnings of the two age groups affected by the rule change, by earnings percentile, 1996–2003 (in thousands of dollars)
Percentile 1996 1997 1998 1999 2000 2001 2002 2003
Those turning age 65
40th 7.800 8.174 9.000 9.138 10.263 10.850 11.618 12.285
50th 10.562 11.196 12.479 12.313 14.609 15.300 16.606 17.200
60th 14.494 15.149 16.972 16.214 19.931 21.330 22.747 23.894
70th 22.185 23.008 24.651 23.918 27.825 28.564 30.200 31.986
80th 32.206 33.065 35.825 35.247 38.596 39.082 41.564 44.174
Those who have attained aged 65–69
40th 5.754 5.888 6.264 6.639 6.984 7.875 8.304 8.787
50th 7.884 8.207 8.586 9.111 9.600 10.791 11.497 12.250
60th 10.400 10.912 11.359 11.997 12.750 14.468 15.508 16.737
70th 12.766 13.551 14.437 15.394 17.000 19.602 21.337 23.120
80th 21.549 22.208 22.632 23.652 25.354 28.824 30.882 33.023
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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