?> 2000 – Publication Years – MRDRC

How Effective is Redistribution Under the Social Security Benefit Formula?

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…

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Retirement and Wealth

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…

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Retirement Responses to Early Social Security Benefit Reductions

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…

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Marriage, Divorce and the Work and Earning Careers of Spouses

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,…

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Saving for Retirement: Household Bargaining and Household Net Worth

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…

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