scholarly journals Social Security Retirement Benefit

2020 ◽  
Author(s):  
Keyword(s):  
Social Security ◽  
Retirement Benefit

Early claiming of higher-earning husbands, the survivor benefit, and the incidence of poverty among recent widows

2016 ◽  
Vol 16 (4) ◽  
pp. 485-508 ◽  
Author(s):  
JEFFREY DIEBOLD ◽  
JEREMY MOULTON ◽  
JOHN SCOTT
Keyword(s):  
Social Security ◽  
Discrete Time ◽  
Hazard Model ◽  
Health And Retirement Study ◽  
Poverty Risk ◽  
Number Of Factors ◽  
Retirement Benefit ◽  
Married Men ◽  
Discrete Time Hazard Model ◽  
Retirement Study

AbstractSocial Security provides survivor benefits to lower-earning spouses of deceased workers entitled to a retirement benefit. The value of the survivor benefit depends on a number of factors including the deceased worker's claim age. We use the Health and Retirement Study and a discrete time hazard model to analyze how the claim age of married men influences the likelihood that their spouse will enter poverty in widowhood. We find that delayed claiming is associated with reduction in a widow's poverty risk. The magnitude of this relationship varies significantly with the claim age, Social Security dependence, and survivor benefit dependence.

scholarly journals An experimental analysis of modifications to the survivor benefit information within the Social Security statement

2018 ◽  
Vol 19 (1) ◽  
pp. 21-48
Author(s):  
JEFFREY DIEBOLD ◽  
SUSAN CAMILLERI
Keyword(s):  
Social Security ◽  
Experimental Analysis ◽  
Social Security Administration ◽  
Primary Resource ◽  
Informed Decisions ◽  
Retirement Benefit ◽  
The Social ◽  
Married Men ◽  
Social Security Benefits ◽  
Experimental Survey

AbstractThe Social Security Statement is the primary resource most workers prefer to use to learn about their Social Security benefits. The Social Security Administration periodically mails this and supporting documents to all workers to help them make informed decisions about when to start receiving their benefits. Understandably, the Statement provides detailed information about the worker's retirement benefit. However, these documents contain remarkably little information about the survivor benefit despite the financial importance of this particular auxiliary benefit to the widows of deceased workers in widowhood. We analyze the effect of modifications to the survivor benefit information in the Statement on benefit knowledge and expected claiming behavior of married men using an experimental survey of workers. The results provide evidence that the augmentation of this information can temporarily improve benefit knowledge and influence expected claim ages.

scholarly journals Optimal Pension Systems with Simple Instruments

2013 ◽  
Vol 103 (3) ◽  
pp. 502-507 ◽  
Author(s):  
Mikhail Golosov ◽  
Ali Shourideh ◽  
Maxim Troshkin ◽  
Aleh Tsyvinski
Keyword(s):  
Social Security ◽  
Pension System ◽  
Policy Instruments ◽  
Total Cost ◽  
Pension Systems ◽  
Retirement Benefit

We analyze optimal pension systems relying on simple policy instruments in a lifecycle environment which admits endogenous decisions of how much to work as well as when to retire. The optimality in this context means the highest welfare that can be achieved within a restricted set of instruments, while keeping the total cost of the pension system unchanged. The policy instruments we consider are the optimized retirement benefit functions modeled after a stylized version of the current US Social Security.

scholarly journals How is economic hardship avoided by those retiring before the Social Security entitlement age?

2014 ◽  
Vol 13 (4) ◽  
pp. 420-438 ◽  
Author(s):  
KEVIN MILLIGAN
Keyword(s):  
Social Security ◽  
Poverty Line ◽  
Economic Hardship ◽  
Health And Retirement Study ◽  
Retirement Benefit ◽  
The Social ◽  
The World ◽  
The Usa ◽  
Using Data ◽  
Retirement Study

AbstractGovernments around the world are reacting to extended lifespans and troubled pension finances by increasing the age of retirement benefit entitlement. This paper studies those who retire before the age of full pension entitlement in the USA using data drawn from the Health and Retirement Study. The major finding is that four out of five people who have zero earnings at pre-entitlement ages are able to find a way to lift their incomes over the poverty line. For men, pension and annuity income are important while for women, spousal income helps most to get them over the line.

scholarly journals Mortality dynamics and the statutory retirement age proposal: an actuarial view

2020 ◽  
Vol 31 (82) ◽  
pp. 165-179
Author(s):  
Filipe Costa de Souza
Keyword(s):  
Life Expectancy ◽  
Social Security ◽  
Pension System ◽  
Fair Value ◽  
Original Text ◽  
Retirement Benefit ◽  
The Social ◽  
Minimum Age ◽  
Actuarial Model

ABSTRACT This paper aimed to apply (dynamic and static) actuarial models to calculate the balanced contribution rates for the planned (at the minimum age) retirement benefit of the General Social Security System, based on the original and substitutive texts of the reform proposed by Michel Temer’s government. Even with the regular increases in life expectancy and the long-term nature of the analyses, national studies on social security are typically based on the static mortality hypothesis. The relevance of this study is evident due to the demographic changes, particularly the increase in life expectancy, experienced by the Brazilian population in recent decades and which put in question the sustainability of the national pension system. The use of dynamic actuarial models allows for more accurate discussions about the future of social security, besides contributing to the still scarce national literature. Static and dynamic actuarial models were applied to a representative individual, adjusting mortality tables from the United Nations covering 1950 to 2100. It was verified that the actuarially fair rates calculated by the dynamic actuarial model are typically higher than those obtained by the static model, especially for women. This difference is expected to increase as gains in life expectancy become more influenced by the reduction in mortality at more advanced ages. Moreover, if the social security reform is approved (in accordance with either the original or the substitutive text), there are indications from the dynamic model that the contributions rates currently charged would be excessive for men. In turn, these rates would be excessive for women considering the original text, and closer to the actuarially fair value considering the substitutive text. The development, disclosure, and regular updating of official dynamic tables (whether for mortality or other biometric assumptions) are also recommended.

What benefits will self-employed doctors receive under social security?

JAMA ◽  
1966 ◽  
Vol 197 (6) ◽  
pp. 413-416
Author(s):  
R. J. Myers
Keyword(s):  
Social Security ◽  
Will Self

Social Security

1986 ◽  
Author(s):  
W. Andrew Achenbaum
Keyword(s):  
Social Security
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