Social Security, Age of Retirement, and Economic Well-Being: Intertemporal and Demographic Patterns among Retired-Worker Beneficiaries

We examine the economic status of a sample of new recipients of social security retired-worker benefits shortly after their first receipt of benefits (1982) and 10 years later (1991). The probability that these retired-worker beneficiaries were poor or near-poor is positively and strongly associated...

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Bibliographic Details
Published in:Demography 2003-05, Vol.40 (2), p.369-394
Main Authors: Haveman, Robert, Holden, Karen, Wilson, Kathryn, Wolfe, Barbara
Format: Article
Language:English
Subjects:
Age
Age Factors
Aged
Beneficiaries
Care of the aged
Demographics
Demography
Early retirement
Economic benefits
Economic status
Female
Gender
Humans
Income
Male
Men
Middle Aged
Pensions
Poverty
Poverty - statistics & numerical data
Probability
Retirees
Retirement
Retirement - economics
Retirement age
Retirement benefits
Sex Factors
Social Class
Social security
Social Security - economics
Social Security - statistics & numerical data
Social Security benefits
Status
Studies
United States
Well-being
Wellbeing
Women
Workers
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Summary:We examine the economic status of a sample of new recipients of social security retired-worker benefits shortly after their first receipt of benefits (1982) and 10 years later (1991). The probability that these retired-worker beneficiaries were poor or near-poor is positively and strongly associated with their acceptance of early retired-worker benefits. Early retirees, women who remained single, and women who lost their spouses experienced large declines in economic status over the decade following their first receipt of benefits. Although both women and men who first received benefits at younger ages had lower economic status than did those who became beneficiaries at older ages, this retirement age-related disadvantage increased over the decade for women but not for men.
ISSN:0070-3370
1533-7790
DOI:10.1353/dem.2003.0012