Calculating Expected Social Security Benefits by Race, Education and Claiming Age

Abstract

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Pathways to Retirement in Taiwan: Do Ethnicity and Cohort Matter?

“…However, the type of employer pension is significantly related to retirement decision-making, and employees whose pension wealth increases with additional work expect to work longer [25]. Hence, minorities with lower socioeconomic status and no access to employer pensions are more likely to claim Social Security benefits earlier compared to members of the majority group who have a higher incentive to delay retirement [31].…”

Do Late-Career Wages Boost Social Security More for Women than Men?

“…In part because the actuarial adjustment was based on mortality rates from the early 1960s, delaying claiming -at least past the Early Entitlement Age of 62 -increases the present discounted value of lifetime Social Security benefits for almost all groups (at least at current interest rates), despite well-known differences in life expectancy by socioeconomic status(Shoven and Slavov 2014;Sanzenbacher and Ramos-Mercado 2016).…”