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Author : Michael J. Brien
Release : 2001
Genre : Mothers' pensions
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Widows Waiting to Wed? by : Michael J. Brien
Download or read book Widows Waiting to Wed? written by Michael J. Brien. This book was released on 2001. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael J. Brein
Release : 2013-06
Genre :
Kind : eBook
Book Rating : 450/5 ( reviews)
Book Synopsis Widows Waiting to Wed? Marriage and Economic Incentives in Social Security Widow Benefits by : Michael J. Brein
Download or read book Widows Waiting to Wed? Marriage and Economic Incentives in Social Security Widow Benefits written by Michael J. Brein. This book was released on 2013-06. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we focus on an age restriction for remarriage in the Social Security system to determine if individuals respond to economic incentives for marriage. Aged widow(er) benefits are paid by the federal government to persons whose deceased spouses worked in Social Security covered employment. A widow(er) is eligible to receive benefits if she or he is at least age 60. If a widow(er) remarries before age 60, she or he forfeits the benefit and, therefore, faces a marriage penalty. Under current law, there is no penalty if the remarriage occurs at 60 years of age or later. The Social Security rules on remarriage have changed over time. Only since 1979 have widow(er)s been allow to marry at or after age 60 and not face reductions in benefit amounts. We investigate whether the age-60 remarriage rule affects the timing of marriage and whether the elimination of the marriage penalty in 1979 encouraged widows 60 or older to marry. For this study, we primarily use Vital Statistics data from the National Center for Health Statistics. Our major findings are as follows. In 1979, there was an increase in the marriage rate of widows 60 or older. This suggests many widows in this age group chose not to marry until the marriage penalty they faced was removed. Also, in the post-1979 period, there was a drop in marriage rates immediately prior to age 60 and an increase after this age. We do not observe this pattern in the period before 1979, and we do not observe it for divorced women, who generally are not subject to the age-60 remarriage rule. These findings suggest that the age-60 remarriage rule affects the timing of marriage and has the most influence on women who are very close to age 60.
Author : Michael Conlin
Release : 2008
Genre :
Kind : eBook
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Book Synopsis Love at What Price? Estimating the Value of Marriage by : Michael Conlin
Download or read book Love at What Price? Estimating the Value of Marriage written by Michael Conlin. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: Using a law within Social Security that provides clear financial incentives to delay marriage, we estimate the financial value of a month of marriage. Specifically, the law provides that widows who are eligible for Social Security benefits on their deceased spouse's earnings records are eligible for benefits at age 60, unless they remarry before that age. If they remarry before that age, they cannot claim widow benefits and must wait until at least age 62 to claim spousal benefits on their new husband's record, which are typically less generous than widow benefits. To generate an estimate of what this behavior implies about the value of marriage, we use data from five panels of the Survey of Income and Program Participation linked to administrative data from Social Security. We estimate the cost of marrying before age 60 imposed by the Social Security program. We develop a model that reflects the institutional details of Social Security and generate a likelihood function that reflects that model. By taking advantage of the variation in these costs and when or whether widows remarry before age 60, we estimate the benefit of marriage to be $8000/month. These estimates appear to be reasonable in the context of the short length of time widows are willing to wait and the high value of Social Security benefits.
Author : Dean R. Leimer
Release : 2004
Genre : Social security
Kind : eBook
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Book Synopsis Historical Redistribution Under the Social Security Old-Age and Survivors Insurance and Disability Insurance Programs by : Dean R. Leimer
Download or read book Historical Redistribution Under the Social Security Old-Age and Survivors Insurance and Disability Insurance Programs written by Dean R. Leimer. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt: "This study is the third in a series of studies that use comprehensive Social Security administrative data on past earnings and benefits by year, age, gender, and race to analyze historical redistribution across those characteristics under the Social Security program"--Summary.
Author : Janice A. Olson
Release : 2002
Genre : Social Security
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Social Security Benefit Reporting in the Survey of Income and Program Participation and in Social Security Administrative Records by : Janice A. Olson
Download or read book Social Security Benefit Reporting in the Survey of Income and Program Participation and in Social Security Administrative Records written by Janice A. Olson. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt:
