Lifetime Earnings Patterns, The Distribution of Future Social Security Benefits, And The Impact of Pension Reform

2000 ◽  
Author(s):  
Barry Bosworth ◽  
Gary Burtless ◽  
C. Eugene Eugene Steuerle
Keyword(s):  
Social Security ◽  
Pension Reform ◽  
Lifetime Earnings ◽  
Social Security Benefits ◽  
The Impact

scholarly journals The contribution of changes to tax and social security to stalled life expectancy trends in Scotland: a modelling study

2020 ◽  
pp. jech-2020-214770
Author(s):  
Elizabeth Richardson ◽  
Martin Taulbut ◽  
Mark Robinson ◽  
Andrew Pulford ◽  
Gerry McCartney
Keyword(s):  
Life Expectancy ◽  
Social Security ◽  
Tax Credits ◽  
The Difference ◽  
Group Sex ◽  
The Uk ◽  
Social Security Benefits ◽  
The Impact ◽  
Welfare Reforms ◽  
Detrimental Impact

BackgroundLife expectancy (LE) improvements have stalled, and UK tax and welfare ‘reforms’ have been proposed as a cause. We estimated the effects of tax and welfare reforms from 2010/2011 to 2021/2022 on LE and inequalities in LE in Scotland.MethodsWe applied a published estimate of the cumulative income impact of the reforms to the households within Scottish Index of Multiple Deprivation (SIMD) quintiles. We estimated the impact on LE by applying a rate ratio for the impact of income on mortality rates (by age group, sex and SIMD quintile) and calculating the difference between inflation-only changes in benefits and the reforms.ResultsWe estimated that changes to household income resulting from the reforms would result in an additional 1041 (+3.7%) female deaths and 1013 (+3.8%) male deaths. These deaths represent an estimated reduction of female LE from 81.6 years to 81.2 years (−20 weeks), and male LE from 77.6 years to 77.2 years (−23 weeks). Cuts to benefits and tax credits were modelled to have the most detrimental impact on LE, and these were estimated to be most severe in the most deprived areas. The modelled impact on inequalities in LE was widening of the gap between the most and least deprived 20% of areas by a further 21 weeks for females and 23 weeks for males.InterpretationThis study provides further evidence that austerity, in the form of cuts to social security benefits, is likely to be an important cause of stalled LE across the UK.

Risk tolerance and retirement income composition

2008 ◽  
Vol 8 (2) ◽  
pp. 131-151
Author(s):  
JONATHAN A. SCHWABISH ◽  
JULIE H. TOPOLESKI
Keyword(s):  
Social Security ◽  
Financial Risk ◽  
Social Security System ◽  
Risk Tolerance ◽  
Security System ◽  
Earnings Distribution ◽  
The Social ◽  
Retirement Funds ◽  
Lifetime Earnings ◽  
The Impact

SUMMARYProposed changes to the Social Security system will affect the financial risk workers will face in their retirement differently across the income distribution. This study examines levels of financial risk workers face at different points in the lifetime earnings distribution. To do so, we use a microsimulation model that projects individual demographic and economic characteristics within the context of the Social Security system and the macroeconomy to assess the impact of two policy changes on the levels of lifetime benefits available to current and future retirees. Further, we incorporate data on pensions and savings to illustrate differences in the level and distribution of retirement funds across the earnings distribution. This exercise allows us to assess the financial risk workers face in their retirement, both within the Social Security system itself and within a broader view of the stream of total available retirement funds. We also use survey data to show that low earners are the least willing to tolerate such risk.

Family Caregiving and the Intergenerational Transmission of Poverty

2018 ◽  
Vol 46 (3) ◽  
pp. 629-635 ◽  
Author(s):  
Richard L. Kaplan
Keyword(s):  
Social Security ◽  
Family Caregivers ◽  
Intergenerational Transmission ◽  
Family Caregiving ◽  
The United States ◽  
Retirement Savings ◽  
Term Care ◽  
Retirement Benefits ◽  
Lifetime Earnings ◽  
The Impact

The United States relies on uncompensated family caregivers to provide most of the long-term care required by older adults as they age. But such care comes at a significant financial cost to these caregivers in the form of lower lifetime earnings and diminished (or even no) Social Security retirement benefits, ineligibility for Medicare coverage of their healthcare costs, and minimal retirement savings. To reduce the impact of uncompensated caregiving on the intergenerational transmission of poverty, this paper discusses three possible mechanisms of compensating family caregivers: public payments, deemed wage credits under Social Security, and income tax incentives.

scholarly journals La notion de famille et son impact en droit social

2005 ◽  
Vol 22 (1) ◽  
pp. 5-54
Author(s):  
Mireille D. Castelli
Keyword(s):  
Social Security ◽  
Detailed Analysis ◽  
Interpersonal Relationships ◽  
Significant Role ◽  
Family Relationships ◽  
General Picture ◽  
The Family ◽  
Social Security Benefits ◽  
The Impact

This paper surveys references to the family in social legislation, with more specific regard to social security schemes providing coverage to a broad section of the population. Such references are seen as involving two types of questions. First, do statutory references to the family invoke a definite concept of the family cell ? And second, in what ways do family relationships influence one's position under social security legislation ? Thus the first part of the paper is an attempt to elucidate the concept of the family underlying social security legislation. This is done by considering the legislative treatment of three components of family relationships, which seem to play, either separately or in conjunction, a particularly significant role in statutes of this type : the network of interpersonal relationships that are included in the family, the concept of dependency, and the consequences attributed to cohabitation. The second part of the paper surveys the impact of family relationships on rights and duties under social security legislation. This part opens with a broad description of social legislation generally, followed by a threefold classification of social security schemes according to the type of economic hazard against which compensation is provided: loss of income, lack of income, increase in needs. The impact of family relationships in each group of statutes is then brought under detailed analysis, and a number of anomalies are pointed out. The general picture disclosed by the paper is one of severe confusion, both as to the concept of the family itself and as to the impact of family relationships on social security benefits. While inconsistencies of the latter kind may be explained and justified in a number of cases, it seems desirable that a single concept of the family be adhered to in all social security statutes. This, however, should not preclude variations where warranted by the policy of the Act, general standards of morality, or the particular purpose sought by statutory reference to family relationships.

Late Career Job Loss and Retirement Behavior of Couples

2016 ◽  
Vol 39 (1) ◽  
pp. 7-28 ◽  
Author(s):  
Ajin Lee
Keyword(s):  
Social Security ◽  
Job Loss ◽  
Health And Retirement Study ◽  
Budget Constraints ◽  
Unexpected Earnings ◽  
Retirement Behavior ◽  
Using Data ◽  
Social Security Benefits ◽  
The Impact ◽  
Retirement Study

This article argues that wealth uncertainty influences when couples choose to retire. Using data from the Health and Retirement Study, I show that wives delay retirement when their husbands retire following a job loss. This effect is stronger when husbands are the primary earners, and couples are relatively poorer. This provides evidence of intra-household insurance that mitigates the impact of an unexpected earnings shock. I find that wives tend to delay retirement only until they become eligible for social security. This suggests that social security benefits can relax households’ budget constraints and allow wives to join their husbands in retirement.

Banking crises and social policy: the case of Latin America and the Caribbean

2015 ◽  
Vol 31 (3) ◽  
pp. 209-233 ◽  
Author(s):  
Rana S. Gautam
Keyword(s):  
Social Policy ◽  
Social Security ◽  
Latin American ◽  
Banking Crises ◽  
Social Welfare Policy ◽  
Social Expenditure ◽  
Negative Effect ◽  
Distributional Conflicts ◽  
Social Security Benefits ◽  
The Impact

This paper examines the social policy consequences of systemic banking crises or financial crises in 13 Latin American and Caribbean countries between 1990 and 2010. It takes a rationalist approach to political economy to analyse the effect of these crises on aggregate social policy spending and on four distinct social welfare policy programmes – education, health, housing, and social security – benefits of which vary across social groups. The results indicate that banking crises have a statistically strong negative effect on aggregate social expenditure, but the impact is not uniform across the four programmes. While social security spending increases during the course of crises, health and education expenditures decrease in the same period. The results reinforce the view that distributional conflicts overshadow governments’ response and the burden of crises is unevenly shared in a heterogeneous society. These findings are robust to alternative specifications.

scholarly journals The uptake of social security benefits among psychiatric day hospital patients

1989 ◽  
Vol 13 (11) ◽  
pp. 626-627 ◽  
Author(s):  
Daniel S. Allen ◽  
Renate West
Keyword(s):  
Medical Journal ◽  
Social Security ◽  
Mentally Ill ◽  
Social Security System ◽  
Security System ◽  
Day Hospital ◽  
The Social ◽  
Hospital Patients ◽  
Social Security Benefits ◽  
The Impact

A leader in the British Medical Journal (BMJ) last year (Marks, 1988) suggested that the uptake of social security benefits among mentally ill people is low. However, this statement was based on the only data the writer could find – a study of 37 patients conducted in Islington based on the old social security system, prior to April 1988 (Linney & Boswell, 1987). Two weeks later, another BMJ leader (Marcovitch, 1988) bemoaned the fact that insufficient research had been conducted on the impact of changes in the social security system.

Pension Reform in Chile – An Annotated Bibliography

2016 ◽  
Vol 44 (2) ◽  
pp. 116-136
Author(s):  
Paul J. Moorman
Keyword(s):  
Social Security ◽  
Pension Reform ◽  
Social Security System ◽  
Annotated Bibliography ◽  
Security System ◽  
The Impact ◽  
New System ◽  
Do So

AbstractChile privatized its social security system in 1981. Almost immediately, scholars began analyzing the impact of the new system to gauge its effectiveness and they continue to do so to this day. This bibliography collects and describes the most significant scholarly articles, books, and book chapters written in English discussing and analyzing Chile's privatized social security system.

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