Socioeconomic Differentials in the Returns to Social Security
AbstractReturns to Social Security's Old Age and Survivors Insurance (OASI) program vary accross socioeconomic groups because of progressivity in the benefit formula, spousal and widowhood provisions, differential mortality rates, and other factors. This paper computes the rate of return to OASI contributions and the implied intra cohort transfers, distinguishing between a number of socioeconomic characteristics: males and females; blacks and whites; single persons and married couples (with several labor force participation scenarios); and low, medium, and high incomes.
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Bibliographic InfoPaper provided by RAND - Labor and Population Program in its series Papers with number 96-05.
Length: 31 pages
Date of creation: 1996
Date of revision:
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Postal: RAND, Labor and Population Program, 1700 Main Street, P.O. Box 2138 Santa Monica, CA 90407-2138.
Phone: (310) 393-0411, x7359
Web page: http://www.rand.org/labor.html
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SOCIAL SECURITY; AGING; PENSION FUNDS;
Find related papers by JEL classification:
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J10 - Labor and Demographic Economics - - Demographic Economics - - - General
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
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