Modeling Behavioral Responses to Eliminating the Retirement Earnings Test

by Anya Olsen and Kathleen Romig
Social Security Bulletin, Vol. 73 No. 1, 2013
Table equivalent for Chart 2. Median lifetime Social Security benefit/tax ratio for beneficiaries aged 60 or older
Birth cohort Scheduled benefits RET repeal alone (static) RET repeal plus behavioral response
1951–1955 96.6 96.7 96.0
1956–1960 95.8 95.7 95.5
1961–1965 94.4 94.5 94.0
1966–1970 98.1 98.0 97.4
1971–1975 97.4 97.7 97.2
1976–1980 98.1 98.2 97.8
1981–1985 97.4 97.6 97.1
1986–1990 96.9 97.1 96.3
1991–1995 97.2 97.2 96.6
1996–2000 97.6 97.8 97.2
2001–2005 98.1 98.0 97.7
2006–2010 98.7 98.6 98.1
2011–2015 98.6 98.6 98.0
2016–2020 100.5 100.4 100.0
SOURCE: Authors' calculations using MINT6 data.