Download or read book Widows Waiting to Wed written by Michael J. Brien and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Widows Waiting to Wed Marriage and Economic Incentives in Social Security Widow Benefits written by Michael J. Brein and published by BiblioGov. This book was released on 2013-06 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we focus on an age restriction for remarriage in the Social Security system to determine if individuals respond to economic incentives for marriage. Aged widow(er) benefits are paid by the federal government to persons whose deceased spouses worked in Social Security covered employment. A widow(er) is eligible to receive benefits if she or he is at least age 60. If a widow(er) remarries before age 60, she or he forfeits the benefit and, therefore, faces a marriage penalty. Under current law, there is no penalty if the remarriage occurs at 60 years of age or later. The Social Security rules on remarriage have changed over time. Only since 1979 have widow(er)s been allow to marry at or after age 60 and not face reductions in benefit amounts. We investigate whether the age-60 remarriage rule affects the timing of marriage and whether the elimination of the marriage penalty in 1979 encouraged widows 60 or older to marry. For this study, we primarily use Vital Statistics data from the National Center for Health Statistics. Our major findings are as follows. In 1979, there was an increase in the marriage rate of widows 60 or older. This suggests many widows in this age group chose not to marry until the marriage penalty they faced was removed. Also, in the post-1979 period, there was a drop in marriage rates immediately prior to age 60 and an increase after this age. We do not observe this pattern in the period before 1979, and we do not observe it for divorced women, who generally are not subject to the age-60 remarriage rule. These findings suggest that the age-60 remarriage rule affects the timing of marriage and has the most influence on women who are very close to age 60.
Download or read book Love at What Price Estimating the Value of Marriage written by Michael Conlin and published by . This book was released on 2008 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a law within Social Security that provides clear financial incentives to delay marriage, we estimate the financial value of a month of marriage. Specifically, the law provides that widows who are eligible for Social Security benefits on their deceased spouse's earnings records are eligible for benefits at age 60, unless they remarry before that age. If they remarry before that age, they cannot claim widow benefits and must wait until at least age 62 to claim spousal benefits on their new husband's record, which are typically less generous than widow benefits. To generate an estimate of what this behavior implies about the value of marriage, we use data from five panels of the Survey of Income and Program Participation linked to administrative data from Social Security. We estimate the cost of marrying before age 60 imposed by the Social Security program. We develop a model that reflects the institutional details of Social Security and generate a likelihood function that reflects that model. By taking advantage of the variation in these costs and when or whether widows remarry before age 60, we estimate the benefit of marriage to be $8000/month. These estimates appear to be reasonable in the context of the short length of time widows are willing to wait and the high value of Social Security benefits.
Download or read book Historical Redistribution Under the Social Security Old Age and Survivors Insurance and Disability Insurance Programs written by Dean R. Leimer and published by . This book was released on 2004 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This study is the third in a series of studies that use comprehensive Social Security administrative data on past earnings and benefits by year, age, gender, and race to analyze historical redistribution across those characteristics under the Social Security program"--Summary.
Download or read book Social Security Benefit Reporting in the Survey of Income and Program Participation and in Social Security Administrative Records written by Janice A. Olson and published by . This book was released on 2002 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security as a Retirement Resource for Near retirees written by Benjamin Bridges and published by . This book was released on 2005 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using data from the Social Security Administration's project for Modeling Income in Near Term (MINT), analyses the social security benefits of near-retirees, people turning age 61 in years 1988 through 2007. Examines social security wealth, anualized benefit payouts, and replacement rates for average career earnings for all program participants, sex and marital status subgroups, and career earnings quintile subgroups.
Download or read book Trends in Mortality Differentials and Life Expectancy for Male Social Security covered Workers by Average Relative Earnings written by Hilary Waldron and published by . This book was released on 2007 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Foundations of Law Second Edition written by and published by Routledge. This book was released on with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Evidence on Earnings and Benefit Claims Following Changes in the Retirement Earnings Test in 2000 written by Jae Song and published by . This book was released on 2006 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides estimates of the effects of removing the earnings test, for persons aged 65-69. Uses a Social Security Administration (SSA) data set that covers the period from four years before and after its introduction in 2000. Examines implications for the labour force participation rate near 65 and beyond.
Download or read book Do Early Retirees Die Early written by Hilary Waldron and published by . This book was released on 2002 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Out of sample Performance of Stochastic Methods in Forecasting Age specific Mortality Rates written by Javier Meseguer and published by . This book was released on 2008 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Research Handbook on the Economics of Family Law written by Lloyd R. Cohen and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Those not learned in the economic arts believe that economics is either solely or essentially concerned with commercial relations. And, so it was, originally. Then, in the second half of the 20th century, economists began applying their minimalist but sturdy tools to other human activities such as marriage, child-bearing, crime, religion and social groups. In this spirit, the Research Handbook on the Economics of Family Law gives us a series of original essays by distinguished scholars in economics, law or both. The essays represent a variety of approaches to the field. Many contain extensive surveys of the literature with respect to the particular question they address. Some employ empirical economics, others are more narrowly legal. They have in common one thing: each scholar employs a core economic tool or insight to shed light on some aspect of family law and social institutions broadly understood. Topics covered include: divorce, child support, infant feeding, abortion access, prostitution, the decline in marriage, birth control and incentives for partnering. This comprehensive and enlightening volume will be a valuable reference for those interested in law and economics generally and family law in particular.
Download or read book Counting the Disabled written by Debra Sabatini Dwyer and published by . This book was released on 2001 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Methods in Modeling Income in the Near Term MINT I written by Barbara A. Butrica and published by . This book was released on 2001 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes a model for the projection of retirement income for current and future social security beneficiaries to 2031. Includes projections of income from social security benefits, pensions, assets and earnings.
Download or read book Using Predisability Earnings as an Instrument for Disability Determination Outcomes written by Jae G. Song and published by . This book was released on 2004 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Researchers have consistently found that applications and awards for Social Security Disability Insurance (DI) benefits are affected by economic conditions, such as the unemployment rate, and by programmatic features, such as the weighted benefit formula. They did not agree, however on the size of these effects"--Summary.
Download or read book Racial and Ethnic Differences in Wealth Holdings and Portfolio Choices written by Sharmila Choudhury and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortality Differentials by Race written by Hilary Waldron and published by . This book was released on 2002 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
