Social Security Bulletin, Vol. 71 No. 4
Data from administrative records of the Social Security Administration allow us to examine patterns of initial entitlement to Old-Age Insurance benefits as well as Disability Insurance benefits. We follow cohorts born in different years over their lifetimes to identify changes in entitlements by age over time. Breaking out single birth cohorts shows close adherence in entitlement ages to rule changes as well as increasing shares of cohorts relying on the Disability Insurance program in middle age.
The majority of research dealing with the retirement decision has focused on the health and wealth aspects of retirement. Research in the areas of judgment and decision making and behavioral economics suggests that there may be a number of behavioral factors that influence the retirement decision as well. This review highlights such factors and offers a unique perspective on potential determinants of retirement behavior, including anchoring and framing effects, affective forecasting, hyperbolic discounting, and the planning fallacy. The author describes findings from previous research, as well as draws novel connections between existing decision-making research and the retirement decision.
This article introduces the 2006 Earnings Public-Use File (EPUF), a data file containing earnings records for individuals drawn from a 1-percent sample of all Social Security numbers issued before January 2007. The EPUF contains selected demographic and earnings information for 4.3 million individuals. It provides aggregate earnings data for 1937 to 1950 and annual earnings data for 1951 to 2006.
Analysts have long considered caregiver credits, or pension credits, provided to individuals for time spent out of the workforce caring for dependent children and sick or elderly relatives, as a way to improve the adequacy of retirement benefits for women in the United States. This article examines the experiences of France, Germany, and Sweden with caregiver credits, focusing particularly on the design, administration, and cost of these programs.
The authors explore the extent to which Social Security Disability Insurance (DI) beneficiaries restrain their earnings below the substantial gainful activity (SGA) level in order to maintain their cash benefits. The extent of "parking" is measured by exploiting the 1999 change in the nonblind SGA earnings level from $500 to $700 and assessing its effect on cohorts of DI beneficiaries who completed their trial work period, one of which was affected by the SGA change, and one that was not.