TY - JOUR T1 - The Employment Effects of the Social Security Earnings Test JF - Journal of Human Resources JO - J Hum Resour DO - 10.3368/jhr.57.2.1018-9830R2 AU - Alexander Gelber AU - Damon Jones AU - Daniel W. Sacks AU - Jae Song Y1 - 2020/03/09 UR - http://jhr.uwpress.org/content/early/2020/03/03/jhr.57.2.1018-9830R2.abstract N2 - We investigate the impact of the Social Security Annual Earnings Test (AET) on the employment decisions of older Americans. The AET reduces Social Security benefits by one dollar for every two dollars earned above the exempt amount. Using a differences-in-differences design, we find that the employment rate of those predicted to become subject to the AET decreases substantially relative to those not predicted to become subject to it. The point estimates suggest that the AET reduces the employment rate of Americans aged 63-64 by at least 1.2 percentage points. ER -