Using a longitudinal database and fixed-effects models, we assess the effect of the death of a spouse and divorce after age 55 on income replacement rates during the retirement years. We find that among women, separation/divorce has a larger negative effect than widowhood. The effect of...

Post-war policies and subsequent debates had two policy targets: reducing old-age poverty and enhancing income security for the “average worker” after retirement. While we know a lot about the first issue, the second has received less attention as a result of data limitations. We take...

This paper examines the extent to which family income during working years is "replaced" during the retirement years. It does so by tracking cohorts as they age from their mid-50s to their late 70s, using a taxation-based longitudinal data source that covers 26 years from 1982 to 2007. Earlier...