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More than 1 out of 5 adult Social Security beneficiaries has served in the military, and veterans and their families comprise 35 percent of the beneficiary population. Policymakers are particularly concerned with the economic well-being of veterans and their family members, who may receive...
Persistent link: https://www.econbiz.de/10013038018
We study a choice made by over 20,000 U.S. military personnel annually between the High-3 and Redux retirement plans. Compared to High-3, Redux offers a $30,000 current lump sum payment in exchange for lower future annuity payments. Despite break-even discount rates between 10% and 25%, about...
Persistent link: https://www.econbiz.de/10013060303
The publication of this article coincides with the celebration of the 70th anniversary of the Social Security Act. The history and development of the Social Security program from its inception to the present is discussed. Special attention is given to historical debates that have relevance to...
Persistent link: https://www.econbiz.de/10013102805
The pension plans of federal government employees are relatively generous and badly underfunded, with the Pension Plan for Members of Parliament (MPs), which covers members of the House of Commons and the Senate, standing out on both counts. The MP plan promises much higher retirement incomes...
Persistent link: https://www.econbiz.de/10014171773
system participation. For Colombia, only cross-section estimations are carried out, while panel data for Chile and Mexico … países de Latinoamérica. En Chile, Colombia y México, aún cuando cada uno de ellos tiene sistema de pensiones de … la participación en el sistema de pensiones. En el caso de Colombia, sólo se llevan a cabo estimaciones de corte …
Persistent link: https://www.econbiz.de/10014193738
Persistent link: https://www.econbiz.de/10013531470
The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by...
Persistent link: https://www.econbiz.de/10011398438
People who have divorced are entitled to Social Security spousal benefits if their marriages lasted at least ten years. This paper uses 1985–1995 Vital Statistics data and the 2008–2011 American Community Surveys to analyze how this rule affects divorce decisions. I find evidence that the...
Persistent link: https://www.econbiz.de/10010336599
the competitive equilibrium dynamics and the steady state. This allows comparisons with the optimal stationary state, a … optimal state. Next, we compare the scenario depicted by the model with historical fact. Variations in welfare allowances may …
Persistent link: https://www.econbiz.de/10013136223
This article provides policymakers with context for understanding past and future policy discussions regarding Social Security widow benefits. Using data from surveys, projections from a microsimulation model, and recent research, it examines three types of benefits - those for aged widows,...
Persistent link: https://www.econbiz.de/10013140059