SUICIDE AND THE SOCIAL SECURITY EARLY RETIREMENT AGE

2017 ◽  
Vol 36 (3) ◽  
pp. 435-450 ◽  
Author(s):  
Jeffrey DeSimone
2016 ◽  
Vol 16 (3) ◽  
pp. 395-418 ◽  
Author(s):  
GILLES LE GARREC ◽  
STÉPHANE LHUISSIER

AbstractTo lower the forecasted increase in the social security burden linked to population aging, delaying the legal age of retirement has been privileged throughout industrialized countries. Compared with a uniform delay, some argue that those who have entered precociously the labor market should be allowed to retire earlier. They assert that such a ‘long career’ exception is all the more justified that those unskilled workers live also less long due to heavier and potentially health-damaging jobs. In this paper, we then study macroeconomic and distributional consequences of global gain in life expectancy, with or without the postponement of the legal age of retirement and with or without a ‘long career’ exception. By considering a framework where individuals decide to acquire skills depending on economic incentives and differential mortality, we focus particularly on spillover effects possibly generated by education. We show in particular that introducing a ‘long career’ exception cannot be to the advantage of future unskilled workers unless education yields no spillover effects.


2016 ◽  
Vol 39 (1) ◽  
pp. 166-189 ◽  
Author(s):  
Julie Zissimopoulos ◽  
Barbara Blaylock ◽  
Dana P. Goldman ◽  
John W. Rowe

An aging America presents challenges but also brings social and economic capital. We quantify public revenues from, and public expenditures on, Americans aged 65 and older, the value of their unpaid, productive activities and financial gifts to family. Using microsimulation, we project the value of these activities, and government revenues and expenditures, under different scenarios of change to the Old Age and Survivors Insurance eligibility age through 2050. We find the value of unpaid productive activities and financial gifts are US$721 billion in 2010, while net (of tax revenues) spending on the 65 years and older is US$984 billion. Five-year delay in the full retirement age decreases federal spending by 10%, while 2-year delay in the early entitlement age increases it by 1.5%. The effect of 5-year delay on unpaid activities and transfers is small: US$4 billion decrease in services and US$4.5 billion increase in bequests and monetary gifts.


2018 ◽  
Vol 30 (1) ◽  
pp. 46-55 ◽  
Author(s):  
April Yanyuan Wu ◽  
Jody Schimmel Hyde

Older workers who develop significant limitations in health or functioning face declines in income and consumption and an increased likelihood of poverty in the years prior to retirement. We assess the extent to which those differences persist after reaching retirement age. We use the Health and Retirement Study (HRS) linked to Social Security Administration (SSA) records to compare the postretirement financial well-being of workers who experienced disability onset during their working years with those who did not, based on their claiming behavior for Social Security disability and retirement benefits. We find that even after full retirement age, gaps that emerged prior to retirement persist; those who experienced disability prior to retirement had lower incomes, were more likely to be in poverty, and had significantly lower wealth. Workers with disabilities who claimed Social Security Disability Insurance (DI) fared better than those who were rejected for such benefits, yet both groups were worse off than those who delayed claiming benefits until they were eligible for Social Security Old Age and Survivors Insurance (OASI) benefits. Our findings indicate that any changes to the Social Security benefit structure must be mindful of the short- and longer term implications for already-vulnerable groups of workers.


Author(s):  
Anne-Marie Guillemard

ABSTRACTThe move towards early retirement as witnessed over the last few years in Europe comes from social assistance mechanisms, other than old age security and is not due to a simple earlier retirement age.Two systems have been used primarily to help older workers. These are disability and employment insurance. “Early retirement” mechanisms have also helped these active or unemployed workers retire, by means of allocating resources.The social security structure in European countries has remained essentially unchanged with the risks and logistics of management inextricably intertwined. Moreover, these new forms of transition between activity and retirement reveal the reorganization underway in all matters related to the aging workers. One of the implications of the massive movement towards early retirement has been that the tripartite life course in which important social stages within the life course are marked by milestones (e.g., school age, retirement age …) is disappearing. It is gradually being replaced with new flexibility for managing the end of the life course. This type of evolution requires us to rethink the social assistance system in the sense of reducing the distinct ternary division in the life course. From this perspective, the very concepts of retirement and social transfers for definitive inactivity are no longer relevant.


Author(s):  
Matheus Carneiro Rocha ◽  
Jamille Carla Oliveira Araújo ◽  
Neuma Teixeira Dos Santos

Issues related to public social security have generated widedebate between society and government. The average citizen cares about the fair measure between what he pays in the present and how much he will receive from retirement in the future. In view of this, this article aims to define according to the foundations of actuarial science, the fair measure between the value of contributions (payments) and the value of benefits (retirement) managed by the General Social Security Regime – RGPS as a tool of social (in)justice. The methodology used to obtain all parameters relevant to the RGPS as well as to the actuarial social security regime was the creation of situations involving men and women under specific conditions of entry into the social security system of initial age, retirement age and contribution salary and from these input data, the values of contribution and benefits were calculated through the Matlab program , where calculations were operationalized as a calculation routine. The results were segmented by gender (male or female) and income range, it was observed that social security contribution rate, the most important parameter to define the value of contributions to the RGPS, from 28% to 31% is very high in comparison with the rate calculated by actuarial science of 16% to 17% for men and 13% to 14% for women. It is concluded that for the ordinary citizen subject to the rules of the RGPS in force, the amounts of the contributions paid that reflect the retirement benefits received differ from the fair measure, calculated by actuarial science, therefore, it was not observed factors that attest that the RGPS is fair to the taxpayer and therefore to society.


2020 ◽  
Vol 11 (1) ◽  
pp. 1
Author(s):  
Fernando Silva Lima ◽  
Alessandra Silva Pires ◽  
Francisco De Assis Pereira Filho ◽  
Michelle Matilde Semiguem Lima Trombini

This study begins with the question: can the new change in the old-age pension system improve the economic-financial performance of the National Institute of Social Security in Brazil? The hypothesis is that the proposed constitutional amendment (PEC) 287/16, which is being presented at the Chamber of Deputies known as the pension reform, including an attempt to change the minimum age for men and women, will not solve the problem of economic crisis and financial expenses of the National Institute of Social Security of Brazil, due to the fact that the greatest impact may be other expenses not identified in this study that revolve around the benefits of retirement. The general objective is to analyze the economic and financial situation of social security in Brazil based on the regional accounting records located in Imperatriz and São Luís do Maranhão between 2008 and 2017. The methodology was defined as descriptive, explanatory and average, such as bibliofigurey, documentary and field. One of the results regarding the increase in the retirement age shows that there is no relation between the income increase indicators when compared to the surplus (profit) or deficit (loss) between 2008 and 2017 in the Social Security of Maranhão.


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