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Do Stronger Age Discrimination Laws Make Social Security Reforms More Effective?
by David Neumark and Joanne Song
WP 2011-249
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- In states with stronger protections against age discrimination in the labor market, older individuals were more responsive to increases in the Social Security Full Retirement Age (FRA).
- Where state laws applied to small firms not covered by the ADEA, employment increased more at ages that were initially beyond but subsequently lower than the FRA -- i.e., for those older individuals "caught" by increases in the FRA.
- Where the state laws provided stronger remedies (harsher penalties), the response to the increase in the FRA was stronger for both employment and claiming Social Security benefits.
- We also find some evidence that these impacts of state age discrimination laws were stronger when, under state law, attorneys’ fees are recoverable.
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