PT - JOURNAL ARTICLE AU - Alexander Gelber AU - Damon Jones AU - Daniel W. Sacks AU - Jae Song TI - The Employment Effects of the Social Security Earnings Test AID - 10.3368/jhr.57.2.1018-9830R2 DP - 2020 Mar 09 TA - Journal of Human Resources 4099 - http://jhr.uwpress.org/content/early/2020/03/03/jhr.57.2.1018-9830R2.short 4100 - http://jhr.uwpress.org/content/early/2020/03/03/jhr.57.2.1018-9830R2.full AB - 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.