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.