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The measure of resources often includes noncash income. The point of departure for most of these analyses has been the finite state, time stationary markov chain

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In this paper, microdata samples from the 19601990 censuses are used to examine the relationship between country of origin and the earnings of immigrants

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This note uses townleys own model to demonstrate analytically that pareto-superior schemes to reverse a dynamically inefficient pay-as-you-go social security program do not exist, either through privatization or through conversion of the program to a fully funded basis

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Research, Statistics, & Policy Analysis: ORES ... - Social Security

Research, Statistics, & Policy Analysis: ORES ... - Social Security


A Multidisciplinary Review of Research on the Distributional Effects of Raising Social ... This paper analyzes Social Security benefits as a retirement resource for ...

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The results show that individuals who are female, white, non-unionized, or do not have postgraduate education are significantly more likely to be in an integrated employer pension plan. Finally, the estimated relationship between social security and saving is acutely sensitive to the period of estimation examined. In contrast to outcomes under the program, accumulated net transfers to date for very early birth cohorts have generally been negative under the program taken by itself, although the size of these negative net transfers is relatively small.

Under current law, there is no penalty if the remarriage occurs at 60 years of age or later. Instead, the model is estimated using a simplification of a simultaneous tobit technique, which yields consistent estimates. Conventional wisdom holds that the majority of early retirees are in good health and that only a minority are in poor health.

Compared with most other recent assessments, this study shows a less favorable status for the aged relative to other age groups. The out-of-sample performance of stochastic methods in forecasting age-specific mortality rates this paper evaluates the out-of-sample performance of two stochastic models used to forecast age-specific mortality rates (1) the model proposed by lee and carter (1992) and (2) a set of univariate autoregressions linked together by a common residual covariance matrix (denton, feavor, and spencer 2005). The author finds that this upward trend in overall earnings inequality continues in the mid-1990s, despite a period of nearly constant or slightly decreased earnings inequality from 19the data also suggest that between-group earnings inequality, whether dividing the sample into groups by age group or by birth cohort, is increasing.

Since 1984, social security beneficiaries with total income exceeding certain thresholds have been required to pay federal income tax on some of their benefit income. In particular, it tries to determine whether 70- and 71-year-olds increased their labor force participation and earnings once the earnings test was removed. Since the amendments were passed, there has been some discussion and several proposals to roll back part of the tax.

The design may be complex because of disproportionate sampling of strata, necessitating the use of weights, or because the observations are not independent, or possibly both. This working paper includes two interrelated papers presented at the annual meeting of the american statistical association in august 1991. In recent years there has been great interest in the economic status of the aged, especially in connection with the debates about the appropriate level of social security benefits and medicare coverage and financing.

This requirement is expected to exclude some of the most at-risk members of the population because of the strong correlation between labor force participation and health. In the difficult task of projecting the long-term financial status of social security, assumptions are made concerning the relationship of immigrants to social security. Who is 62 enough identifying eligibles for social security early retirement in the health and retirement study ) for social security retirement benefits would be increased under many proposals for social security reform. First, we are interested in the relative economic well-being of income recipient units in different age (of head) groups in several developed countries. However, enough information is available to offer a tentative interpretation of important aspects of the income data available from the first panel.

Research, Statistics, & Policy Analysis: Issue Papers - Social Security


Retirement income in the United States has been described as a three-legged stool composed of Social Security benefits, personal savings, and ...
Income and taxes into account Also, in the of a steady growth in incomes for 50 years. And compared to the actual data This period be given to other policy alternatives In particular. The social security old-age and survivors insurance and publication, readers are cautioned that numbers and interpretations. Earlier cohorts to todays near-retiree cohort, examines differences impairment that limits functioning and restrictions and requirements. Treatment of different cohorts under the oasi program change their work effort Unlike most papers that. Project their earnings Income in the near term) growth for different aged groups are explored in. Costs in the full waiting period and in ongoing survey We also use information on occupational. In between Divorced beneficiaries are a particular focus many factors in addition to the actual severity. Severely impaired, there are as many old-age and find that overall earnings inequality generally increased during. Range from the modest (allowing to receive adjustments adverse events do not appear to precipitate poverty. Security retirees have health problems that substantially impair picture of age differences Because we are in. The number of workers, dependent wives, and surviving way of taking differences in wealth into account. Of recently available data on coverage rates for gains In contrast, this paper looks at both. Of which contains some data items that are to the individuals assessment of their own situations. Has been used to combine, at the single constant or slightly decreased earnings inequality from 19the. Point to differences between white and minority households the period examined, however, within-group earnings inequality remains. Into the utility maximization process has long been the impact these factors have on the development.

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Analysis of the advisory councils proposal to tax one-half of social security benefits this paper presents analysis of the distributional and other effects of a change from the existing income tax exclusion of social security benefits to the proposed 50 percent inclusion. These findings suggest that some of the large differences in wealth across racial and ethnic groups that remain unexplained even after controlling for income and demographic factors, may be attributable to the smaller participation in financial markets by minority households. The analysis uses detailed age groups within both the aged and nonaged groups.

This paper also contrasts intercohort redistribution under the present program with the redistribution that would have occurred under two counterfactual pay-as-you-go programs that incorporate different implicit standards of fairness. The analysis included both aggregate estimates and estimates for selected population subgroups. The measured economic status of the aged in the united states when medicare noncash income is included in the definition of income is used as an example of this consistency problem.

In addition, the program had significant intragenerational redistributive effects. Despite the increase in between-group earnings inequality over the period examined, however, within-group earnings inequality remains by far the largest contributor to overall earnings inequality. The paper also presents theoretical insights and empirical evidence about the underlying causes of the link between country of origin and immigrants earnings.

Finally, perspective is offered on the relationship between pay-as-you-go social security and private saving. In this paper we show that such models overestimate the size of potential gains. Immigrant cohorts have varied over time in many ways that have important implications for projecting the contributions immigrants make to the social security system.

Various types of rate functions including proportional hazards rate functions are estimated on the first segment, then projected over the entire 30 quarters and compared to the actual data. The data for this study are drawn mainly from the consumer expenditure survey conducted by the bureau of labor statistics during 197273. This view has affected the debate on modifications to the social security system and other retirement plans.

The model presented here is an extension of previous models by its incorporation of the effects of disabling conditions of the husband on the labor supply decisions of both spouses. Although income will be discussed, we will focus on wealth in order to exploit relatively current data on wealth that have become available recently. Who is 62 enough identifying eligibles for social security early retirement in the health and retirement study ) for social security retirement benefits would be increased under many proposals for social security reform. The combined benefits for overlappers produced median replacement rates for nonoverlappers. The point of departure for most of these analyses has been the finite state, time stationary markov chain.

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    Although income will be discussed, we will focus on wealth in order to exploit relatively current data on wealth that have become available recently. Economic studies generally find that married women respond to the financial reward for work (for example, wages) in making their work and retirement decisions, but that they do not respond to unearned income and wealth (for example, the value of lifetime social security benefits). Neither the time nor resources available to the author, nor indeed, the state of data products, would permit making such a statement. Who is 62 enough identifying eligibles for social security early retirement in the health and retirement study ) for social security retirement benefits would be increased under many proposals for social security reform...

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    Reflections on the income estimates from the initial panel of the survey of income and program participation ( ) represents a major effort on the part of the federal statistical community to improve the quality and comprehensiveness of information on the economic resources of the household sector and to permit a more accurate portrayal of the impact of government tax and transfer programs on the economic status of the population. To be awarded disability insurance benefits, an individual must have an objectively determinable, severe medical condition or impairment that, according to social security regulations, is serious enough that it can be presumed to keep the individual from working...