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Senior black woman calculating her retirement annuity at home

Social Security’s design is known to help Black individuals and those with lower socioeconomic status due to the progressive benefit formula, but this effect is partially offset by the shorter life expectancies of these groups.  However, valuing Old-Age and Survivors Insurance (OASI) solely on expected benefits neglects the program’s longevity insurance value, which favors individuals…

Portrait of a mature woman in a wheelchair looking out a window

Temporary Disability Insurance (TDI) provides workers with wage replacement while they recover from a serious medical condition.  Proponents of a national paid leave program argue that these benefits allow workers to adjust to health shocks and return to the workforce, reducing reliance on Social Security Disability Insurance (DI).  Yet, TDI could also encourage DI application…

Working Papers