Tag: Social Security
Abstract While dramatic increases in women’s labor supply and earnings have led to a substantial decline in the fraction of women eligible for spouse benefits at retirement, most wives still receive a survivor benefit, as wives still typically have lower earnings than their husbands and live longer. Using the MINT microsimulation model and the HRS…
The brief’s key findings are: Today’s workers face a brewing retirement crisis due to: a growing need for income driven by longer lifespans, rising health costs, and low interest rates; and reduced support from Social Security and defined benefit pension plans. Fortunately, the solutions are at hand: Policymakers should shore up Social Security with more revenue,…
