Archive: Karen E. Smith

Group of Senior Friends Chatting at Home Together

This paper compares Social Security outcomes for non-Hispanic Black, Hispanic, and non-Hispanic white beneficiaries and assesses the capacity of various benefit enhancements to narrow racial and ethnic disparities in Social Security benefits.  Using the Dynamic Simulation of Income Model 4 (DYNASIM4), we project, under current law and each benefit enhancement, lifetime Social Security benefits…

Senior man calculating finances

Abstract Various policy developments and long-term economic, social, and demographic trends raise worrisome questions about the financial security of future retirees.  An erosion in employer-sponsored defined benefit pension coverage and the increase in Social Security’s full retirement age could shrink future benefits.  Stagnating employment and earnings for men could threaten future retirement security, because retirement…