Thursday, July 11, 2013

Upcoming event: Savings and Retirement Forum

Join Us at Noon for a Lunch Forum with Guest Speaker:

Hilary Waldron

Economist with the Social Security Administration

Who will discuss her paper:

Mortality Differentials by Lifetime Earnings Decile

Wednesday, July 17, 2013

Noon-1:00 p.m.



Information Technology and Innovation Foundation

1101 K Street N.W. Suite 610,

Washington, DC 20005

Noon-1:00 p.m.

(Lunch will be provided)

Abstract To evaluate the distributional effects of some proposed Social Security law changes, such as an increase in Social Security's early entitlement age, retirement policy analysts typically tabulate the number of workers who fall below a predetermined threshold of hardship. Analysts using this technique often implicitly assume that the insured population falls neatly into a low-earnings poor health group and a remaining good health group. If the hardship threshold assumption is correct, there should be no difference in mortality risk between lifetime earnings deciles above a hardship threshold. This study finds that the hardship threshold model is overwhelmingly rejected in US Social Security data, a result consistent with similar studies conducted in Canada, Germany, and England.

Hilary Waldron has worked as an economist with the Social Security Administration since 1997. Much of her work has been concentrated on mortality, retired worker claiming behavior, and earnings patterns.  Her recent paper, “Mortality Differentials by Lifetime Earnings Decile:  Implications for Evaluations of Proposed Social Security Law Changes” is a part of a three part series looking at ways of evaluating the distributional effects of proposed changes to Social Security’s retired worker benefit.

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