Year: 1984
Type: report
Abstract: This paper compares the well-being of the Retirement History Survey of the elderly with their own previous levels of income and economic welfare.Traditional replacement rates are calculated, although a number of shortcomings of such measures are discussed.Modifications are made by examining career average rather than peak earnings, by adjusting for the fact that the incomes of the elderly are taxed more lightly, that the elderly do not have dependent children, and that Social Security income in retirement is a safer source of income than earnings earlier in life.The fully adjusted total income measures are at least as high for almost all classes of households in the survey as their career average pre-retirement earnings.
DOI: 10.3386/w1360
Authors: Michael Boskin, John Shoven
Language: English
Subfield: Demography
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1502887489