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Because its benefit formula replaces a greater fraction of the lifetime earnings of lower earners than of higher earnings, Social Security is generally thought to be progressive, providing However, much of the intra-cohort redistribution in the U.S. Social Security system is related to factors...
Persistent link: https://www.econbiz.de/10012470091
This paper investigates individual responses to a simple scheme to privatize social security. The analysis explores the sensitivity of outcomes to how individuals project life expectancy, how they value spouse and survivor benefits, and to expected future reductions in social security benefits....
Persistent link: https://www.econbiz.de/10012473507
The delayed retirement credit (DRC) increases monthly OASI (Old Age and Survivors Insurance) benefits for primary beneficiaries who claim after their full retirement age (FRA). For many years, the DRC was set at 3.0 percent per year (0.25 percent monthly). The 1983 amendments to Social Security...
Persistent link: https://www.econbiz.de/10012585403
Government transfers to older persons in Canada are one of the largest and fastest growing" components of the …
Persistent link: https://www.econbiz.de/10012472505
This study examines whether social security influences the aggregate retirement rate in Canada. The life-cycle model of … Canada include a measure of social security wealth that matches the specification given by the life-cycle model. The estimate … of the creation of the Canada and Quebec Pension Plan was to raise the retirement rate by 1.5 points in 1967 …
Persistent link: https://www.econbiz.de/10012478797
The past 25 years has seen substantial change in the social safety nets for families with children in the US and Canada … declined in both countries with more of the decline coming through market income in the U.S. and benefit income in Canada …
Persistent link: https://www.econbiz.de/10012455301
This is the introduction and summary to the seventh phase of an ongoing project on Social Security Programs and Retirement Around the World. The project compares the experiences of a dozen developed countries and uses differences in their retirement program provisions to explore the effect of SS...
Persistent link: https://www.econbiz.de/10012456734
We examine the connection between taxes paid and benefits accrued under the Social Security Disability Insurance (SSDI) program on both the intensive and extensive margins. We perform these calculations for stylized workers given the existing benefit structure and disability hazard rates. On the...
Persistent link: https://www.econbiz.de/10012456962
Despite the large and growing returns to deferring Social Security benefits, most individuals claim Social Security before the full retirement age, currently age 66. In this paper, we use a panel of administrative tax data on likely primary earners to explore some potential hypotheses of why...
Persistent link: https://www.econbiz.de/10012457125
Prior literature has documented a positive association between income and cognitive function at older ages, however, the extent to which this association represents causal effects is unknown. In this study, we use an exogenous change in Social Security income due to amendments to the Social...
Persistent link: https://www.econbiz.de/10012457184