2001
Chances are…Stochastic Forecasts of the Social Security Trust Fund and Attempts to Save It
WP 2001-008 , UM99-07
We present forecasts of the Social Security trust fund, modeling key demographic and economic variables as time series. We evaluate plans for achieving long-term solvency by raising the normal retirement age (NRA), increasing taxes, or investing some portion of the…
Download: Working Paper
View: Abstract
View: Abstract
Tracking the Household Income of SSDI and SSI Applicants
WP 2001-009 , UM99-03
Using panel data from the Survey of Income and Program Participation linked to Social Security Administration disability determination records we trace the pattern of household income and the sources of that income from 38 months prior to 39 months following…
Download: Working Paper
View: Abstract
View: Abstract
Long-term Labor Force Exit and Economic Well-being: A Cross-National Comparison of Public and Private Income Support
WP 2001-014 , UM00-10
Download: Working Paper
2000
Saving for Retirement: Household Bargaining and Household Net Worth
WP 2000-004 , UM00-02
Traditional economic models treat the household as a single individual, and do not allow for separate preferences of and possible conflicts of interest between husbands and wives. Since wives are typically younger than their husbands and life expectancy for women…
Download: Working Paper
View: Abstract
View: Abstract
Retirement Responses to Early Social Security Benefit Reductions
WP 2000-006 , UM99-01
This paper evaluates potential responses to reductions in early Social Security retirement benefits. Using the Health and Retirement Study (HRS) linked to administrative records, we find that Social Security coverage is quite uneven in the older population: one-quarter of respondents…
Download: Working Paper
View: Abstract
View: Abstract
Marriage, Divorce and the Work and Earning Careers of Spouses
WP 2000-003 , UM99-06
Social Security benefits depend on the employment and earnings history of the covered worker, but, especially for women, they depend on one’s marital history and the employment and earnings history of one’s spouse. This paper examines the interrelationship between marriage,…
Download: Working Paper
View: Abstract
View: Abstract
Retirement and Wealth
WP 2000-002 , UM99-02
This paper analyzes the relationship between retirement and wealth. In a simple model where the only heterogeneity is in leisure preference, other things the same, those who retire early accumulate more wealth while still working, enabling them to support themselves…
Download: Working Paper
View: Abstract
View: Abstract
How Effective is Redistribution Under the Social Security Benefit Formula?
WP 2000-005 , UM99-04
This paper uses earnings histories from the Social Security Administration, linked to the survey responses for participants in the Health and Retirement Study, to investigate redistribution under the current social security benefit formula. As advertised, own benefits are significantly redistributed…
Download: Working Paper
View: Abstract
View: Abstract