More Retirement Stability in an Unstable World: Expanding Qualifying Credit Options for Social Security Benefits

Shrinking Boomer Social Security Retirement Benefits

Lifetime distributional effects of Social Security retirement benefits.

This article presents three measures of the distribution of actual and projected net benefits (benefits minus payroll taxes) from Social Security's Old-Age and Survivors Insurance (OASI) for people born between 1931 and 1960. The results are based on simulations with the Social Security Administration's Model of Income in the Near Term (MINT), which projects retirement income through 2020. The ...

Analyses of retirement benefits with options

a r t i c l e i n f o JEL classifications: C15 G13 Keywords: Contingent claim Early exercise Retirement benefit Simulation Stochastic interest rate This study applies the contingent claim approach to evaluate retirement benefits with the options of choosing the maximum defined benefit and defined contribution pension plans. A least-squares Monte Carlo simulation values complex retirement benefi...

Social Security, retirement incentives, and retirement behavior: an international perspective.

Escalating rates of early retirement are imposing fiscal pressure on retirement systems around the world. In some developed countries, the labor-force participation rates of men ages 60-64 have fallen by 75 percent over the last three decades. One explanation for this striking decline is social security program provisions which create disincentives to continued labor-force participation by olde...

World Trends in Social Security Benefits, 1955 to 1957

Most yearsfrom the 1880’s to thepresent have seen the enactment of laws establishing new social security programs or expanding existing ones. Programs established before 19.55 have been reported in earlier issues of the Bulletin and in special reports by the Social Security Administration. New legislation affecting the various programs is summarized in the first part of the article; some of the...