abstract: 'The authors study the effect of the minimum wage on the employment

  outcomes and Social Security claiming of older US workers from 1983 to

  2016. The probability of work at or near the minimum wage increases

  substantially near retirement, and previous researchers and policies

  suggest that older workers may be particularly vulnerable to any

  disemployment effects of the minimum wage. Results show no evidence that

  the minimum wage causes earlier retirements. Instead, estimates suggest

  that higher minimum wages increase earnings and may have small positive

  effects on the labor supply of workers in the key ages of 62 to 70.

  Consistent with increased earnings and delayed retirement, higher

  minimum wages decrease the number of Social Security beneficiaries and

  amount of benefits disbursed. The minimum wage appears to increase

  financial resources for workers near retirement.'
affiliation: 'Cho, H (Corresponding Author), Univ Illinois, Econ, Urbana, IL 61801
  USA.

  Borgschulte, Mark; Cho, Heepyung, Univ Illinois, Econ, Urbana, IL 61801 USA.

  Borgschulte, Mark, Inst Labor Econ IZA, Bonn, Germany.'
author: Borgschulte, Mark and Cho, Heepyung
author-email: hcho75@illinois.edu
author_list:
- family: Borgschulte
  given: Mark
- family: Cho
  given: Heepyung
da: '2023-09-28'
doi: 10.1177/0019793919845861
eissn: 2162-271X
files: []
issn: 0019-7939
journal: ILR REVIEW
keywords: 'minimum wages; retirement; Social Security claiming; older workers;

  employment'
keywords-plus: LIFE-CYCLE; EMPLOYMENT; INEQUALITY; MODEL
language: English
month: JAN
number: '1'
number-of-cited-references: '45'
orcid-numbers: 'Cho, Heepyung/0000-0001-8994-1568

  Borgschulte, Mark/0000-0003-1422-8201'
pages: 153-177
papis_id: 95337c671d713c2e5e480fcebfd7dc2f
ref: Borgschulte2020minimumwages
times-cited: '5'
title: Minimum Wages and Retirement
type: article
unique-id: WOS:000498715300006
usage-count-last-180-days: '1'
usage-count-since-2013: '21'
volume: '73'
web-of-science-categories: Industrial Relations \& Labor
year: '2020'