Archive: Jorge D. Ramos-Mercado

social_security_5

Abstract The option to claim Social Security before the full retirement age (FRA) has been around for over 50 years.  But claiming benefits early has an inherent trade-off: more years of income are received in exchange for an actuarially reduced monthly benefit.  The actuarial reduction is designed to be “fair” for the average worker in…

Mature Chinese man using laptop at home

The brief’s key findings are: Job-changers over age 50 increasingly end up in “old-person” jobs, with a high share of older hires relative to prime-age hires.  These basic findings hold by gender and by education.  However, the overall outlook has improved since the late 1990s for all groups, particularly for older women with more education…