Is the Adjustment of Social Security Benefits Actuarially Fair, and If So, for Whom?

Disparities in Social Security claim ages have risen since the early 1990s. With high earners increasingly likely to delay claiming, and also living longer on average than lower earners, late claimants may differ in critical ways from early claimants. Using…

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Work and Retirement for Older Black and Hispanic Adults

Growing United States income inequality and the increasing aging of Black and Hispanic populations point to greater risks of financial insecurity for older populations in coming years. Research on retirement determinants for Blacks and Hispanics is limited. We propose to…

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Tracking Changes in the Composition of Social Security Disability Insurance and Supplement Security Income Following the COVID-19 Pandemic

The COVID-19 pandemic has dramatically altered Americans’ health and work in ways that may trigger significant changes in the size and composition of disability program participation. In this project, we use Social Security Administration data to study trends in beneficiary…

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Consumer Credit Events Before and After Dementia Diagnosis

Anecdotal evidence suggests that changes in thinking and memory due to dementia can lead to large financial losses.  We test this using linked Medicare claims and FRBNY/Equifax CCP data.  We find that missed payments increase up to 4 years prior…

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Data sets make MRDRC workshop debuts

The MRDRC presented its 2021 workshop virtually on March 11 and 12. Historically, the MRDRC has had an interest in data development, dating from its founding association with the then-new Health and Retirement Survey (HRS). This year’s workshop continued that…

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Which Households Benefit from Delayed Claiming?

Using administrative data, this project will quantify the incentive effects and equity of the Social Security survivor benefit. The project will first analyze incentive effects on the timing of initial claiming of retired-worker benefits by both spouses. The survivor benefit…

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The Alignment of Household Preferences and Financial Decisions Leading up to Retirement

This project will link survey and administrative data to investigate how within-couple differences in preferences and decision-making abilities affect household finances. We study whether misalignment of preferences or abilities influences choices and, thus, retirement readiness.

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