How Representative are Representative Workers? An Assessment of the Hypothetical Workers Commonly Used in Social Security Studies
AbstractAn understanding of the financial and distributional consequences of Social Security reform requires knowledge about the actual life circumstances of participants, including the level and pattern of their lifetime earnings and their age at retirement. Some analyses of Social Security reform make simplifying assumptions about these characteristics by using ‘hypothetical workers’ with set career paths. We seek to develop greater understanding about actual lifetime earnings patterns to compare with hypothetical workers and find discrepancies which lead typical hypothetical workers to produce a more favorable impression for defined-contribution pension reforms. We suggest modifications to make a more suitable hypothetical worker.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Journal of Income Distribution in its journal Journal of Income Distribution.
Volume (Year): 18 (2009)
Issue (Month): 2 (June)
Contact details of provider:
Postal: York Hall 327, 2275 Bayview Avenue, Toronto, Ontario M4N 3M6
Web page: http://pi.library.yorku.ca/ojs/index.php/jid/index
More information through EDIRC
social security; hypothetical workers; defined-contribution pensions;
Other versions of this item:
- Pfau, Wade Donald, 2009. "How Representative are Representative Workers? An Assessment of the Hypothetical Workers Commonly Used in Social Security Studies," MPRA Paper 19036, University Library of Munich, Germany.
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Whitehouse, Edward, 2007.
"Pensions panorama: retirement-income systems in 53 countries,"
14797, University Library of Munich, Germany.
- Edward Whitehouse, 2007. "Pensions Panorama : Retirement-Income Systems in 53 Countries," World Bank Publications, The World Bank, number 7177, July.
- Julia Lynn Coronado & Don Fullerton & Thomas Glass, 1999.
"Distributional Impacts of Proposed Changes to the Social Security System,"
NBER Working Papers
6989, National Bureau of Economic Research, Inc.
- Julia Lynn Coronado & Don Fullerton & Thomas Glass, 1999. "Distributional Impacts of Proposed Changes to the Social Security System," NBER Chapters, in: Tax Policy and the Economy, volume 13, pages 149-186 National Bureau of Economic Research, Inc.
- Andrew Au & Olivia S. Mitchell & John W. R. Phillips, 2004. "Modeling Lifetime Earnings Paths: Hypothetical versus Actual Workers," Working Papers wp074, University of Michigan, Michigan Retirement Research Center.
- Thomas L. Hungerford, 2003. "Do Workers with Low Lifetime Earnings Really Have Low Earnings Every Year?: Implications for Social Security Reform," Economics Working Paper Archive wp_389, Levy Economics Institute.
- Steven Caldwell & Melissa Favreault & Alla Gantman & Jagadeesh Gokhale & Thomas Johnson & Laurence J. Kotlikoff, 1999.
"Social Security's Treatment of Postwar Americans,"
in: Tax Policy and the Economy, volume 13, pages 109-148
National Bureau of Economic Research, Inc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benjamin Nicholls).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.