The baby boom generation -- aged 52 to 70 -- is going into its “Golden Years,” and some boomers would like to keep working or even take a second job to supplement Social Security.

But a study from the National Bureau of Economic Research (NBER) categorically refutes this scenario. The “tax disincentives” of working nine-to-five -- or earning an extra $20,000 at the local McDonalds -- make employment a lost cause. What they’ll see instead is most of that paycheck vanish into the black hole of the IRS, not to mention state and local taxes.

“You’re better off staying home and eating macaroni and cheese,” said one of the study’s four authors, Boston University economics professor Laurence Kotlikoff.