Tag: retirement
Abstract The possibility of increasing the age at which Social Security benefits are first paid merits renewed scrutiny for at least three reasons: a decrease in overall benefits would imply that those claiming reduced benefits before the ‘full benefits age’ may accept benefits that seem adequate when claimed but are insufficient when income earnings ends…
Abstract This study uses DYNASIM3, the Urban Institute’s dynamic microsimulation model, to examine the long-run effects of the Great Recession on the future retirement incomes of working-age individuals in 2008. It compares a baseline scenario that incorporates the historic and projected effects of high unemployment and lower wages from the recession with a no-recession scenario…
