Join Us at Noon for a Lunch Forum with Guest Speaker:
Economist with the Social Security Administration
Who will discuss her paper:
Wednesday, July 17, 2013
1101 K Street N.W. Suite 610,
Washington, DC 20005
(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.
Bio 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.