Using data from the longitudinal retirement history survey (RHS), we examine the economic status of the cohort of the elderly who were 68 -73 years old by 1979 to see who fell through the safety net in the 1970s. Our most important finding is that a non-trivial fraction of the elderly in the...

Using data from the longitudinal retirement history survey (RHS), we examine the economic status of the cohort of the elderly who were 68 -73 years old by 1979 to see who fell through the safety net in the 1970s. Our most important finding is that a non-trivial fraction of the elderly in the...

Implicit taxes in Social Security, which measure Social Security contributions net of benefits accrued as a percentage of earnings, tend to increase over the life cycle. In this paper, we examine the effects of three potential policy changes on implicit Social Security tax rates: extending the...