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Title: The Implications of Differential Trends in Mortality for Social Security Policy

Citation Type: Conference Paper

Publication Year: 2014

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Abstract: Increasing the Normal Retirement Age (NRA) is a frequently discussed reform to U.S. Social Security system. Given that life expectancy in the U.S. has increased substantially more than the retirement age since the establishment of the program, raising the normal retirement age further would seem a natural way to relieve financial pressure on the system. Indeed, simple models of optimal retirement policy have the property that individuals should work a constant fraction of their lives (Crawford and Lilien 1981). However, one objection that has been raised to increasing the normal retirement age is that increases in life expectancy have not been equally shared across the U.S. population. There is a very long standing finding going back to work by

Url: https://mrdrc.isr.umich.edu/publications/conference/pdf/UM14-11A0814C.pdf

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Authors: Bound, John; Geronimus, Arline; Rodriguez, Javier; Waidmann, Timothy

Conference Name: 16th Annual Joint Meeting of the Retirement Research Consortium

Publisher Location: Washington, DC

Data Collections: IPUMS USA

Topics: Fertility and Mortality

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