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Engelhardt, Gary V.; Gruber, Jonathan; Perry, Cynthia D. – Journal of Human Resources, 2005
Social Security program has over the period become unsustainable from tax finance and imply reforms that would cut down on benefits of the elderly. The implications are that elderly may have to increase their post-retirement working, reduce consumption and opt for shared living rather than independent living conditions. The last of the three…
Descriptors: Public Policy, Older Adults, Retirement Benefits, Independent Living