2023-09-28 14:46:10 +00:00
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abstract: 'The authors study the effect of the minimum wage on the employment
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outcomes and Social Security claiming of older US workers from 1983 to
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2016. The probability of work at or near the minimum wage increases
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substantially near retirement, and previous researchers and policies
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suggest that older workers may be particularly vulnerable to any
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disemployment effects of the minimum wage. Results show no evidence that
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the minimum wage causes earlier retirements. Instead, estimates suggest
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that higher minimum wages increase earnings and may have small positive
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effects on the labor supply of workers in the key ages of 62 to 70.
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Consistent with increased earnings and delayed retirement, higher
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minimum wages decrease the number of Social Security beneficiaries and
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amount of benefits disbursed. The minimum wage appears to increase
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financial resources for workers near retirement.'
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affiliation: 'Cho, H (Corresponding Author), Univ Illinois, Econ, Urbana, IL 61801
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USA.
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Borgschulte, Mark; Cho, Heepyung, Univ Illinois, Econ, Urbana, IL 61801 USA.
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Borgschulte, Mark, Inst Labor Econ IZA, Bonn, Germany.'
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author: Borgschulte, Mark and Cho, Heepyung
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author-email: hcho75@illinois.edu
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author_list:
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- family: Borgschulte
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given: Mark
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- family: Cho
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given: Heepyung
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da: '2023-09-28'
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doi: 10.1177/0019793919845861
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eissn: 2162-271X
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files: []
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issn: 0019-7939
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journal: ILR REVIEW
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keywords: 'minimum wages; retirement; Social Security claiming; older workers;
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employment'
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keywords-plus: LIFE-CYCLE; EMPLOYMENT; INEQUALITY; MODEL
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language: English
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month: JAN
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number: '1'
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number-of-cited-references: '45'
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orcid-numbers: 'Cho, Heepyung/0000-0001-8994-1568
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Borgschulte, Mark/0000-0003-1422-8201'
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pages: 153-177
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papis_id: 95337c671d713c2e5e480fcebfd7dc2f
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ref: Borgschulte2020minimumwages
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times-cited: '5'
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title: Minimum Wages and Retirement
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000498715300006
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usage-count-last-180-days: '1'
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usage-count-since-2013: '21'
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volume: '73'
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web-of-science-categories: Industrial Relations \& Labor
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year: '2020'
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