Journal article
Early Social Security Claiming and Old-Age Poverty Evidence from the Introduction of the Social Security Early Eligibility Age
The Journal of human resources, Vol.57(4), pp.1079-1106
07/01/2022
DOI: 10.3368/jhr.57.4.0119-9973R1
Abstract
We estimate the impact of the Social Security early entitlement age (EEA) on later-life income, poverty, and mortality by tracing birth cohorts of men who had access to different potential claiming ages from the Social Security Amendments of 1961, which introduced age 62 as the EEA. Based on 1968??? 2001 Current Population Survey data, the average claiming age fell by 1.4 years, and Social Security income fell for male-headed families by 2.4 percent at the mean and 6 percent at the 25th percentile. Total family income fell, and the poverty rate rose by about one percentage point. Finally, mortality rates fell modestly in retirement.
Details
- Title: Subtitle
- Early Social Security Claiming and Old-Age Poverty Evidence from the Introduction of the Social Security Early Eligibility Age
- Creators
- Gary Engelhardt - Syracuse UniversityJonathan Gruber - MIT, Econ, Cambridge, MA 02139 USAAnil Kumar - Fed Reserve Bank Dallas, Dallas, TX USA
- Resource Type
- Journal article
- Publication Details
- The Journal of human resources, Vol.57(4), pp.1079-1106
- Publisher
- Univ Wisconsin Press
- DOI
- 10.3368/jhr.57.4.0119-9973R1
- ISSN
- 0022-166X
- eISSN
- 1548-8004
- Number of pages
- 28
- Grant note
- Center for Retirement Research at Boston College from the U.S. Social Security Administration
- Language
- English
- Date published
- 07/01/2022
- Academic Unit
- Economics
- Record Identifier
- 9984618633902771
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