The effect of heavy drinking on social security old-age and survivors insurance contributions and benefits.

TitleThe effect of heavy drinking on social security old-age and survivors insurance contributions and benefits.
Publication TypeJournal Article
Year of Publication2004
AuthorsOstermann, J, Sloan, FA
JournalMilbank Q
Volume82
Issue3
Pagination507-46, table of contents
Date Published2004
ISSN Number0887-378X
KeywordsAccidents, Traffic, Adolescent, Adult, Aged, Aged, 80 and over, Alcoholism, Cost Sharing, Female, Health Behavior, Humans, Insurance Coverage, Life Expectancy, Male, Middle Aged, Old Age Assistance, Social Security, United States
Abstract

This article estimates the effects of heavy alcohol consumption on Social Security Old-Age and Survivor Insurance (OASI) contributions and benefits. The analysis accounts for differential earnings and mortality experiences of individuals with different alcohol consumption patterns and controls for other characteristics, including smoking. Relative to moderate drinkers, heavy drinkers receive fewer OASI benefits relative to their contributions. Ironically, for each cohort of 25-year-olds, eliminating heavy drinking costs the program an additional $3 billion over the cohort's lifetime. Public health campaigns are designed to improve individual health-relevant behaviors and, in the long run, increase longevity. Therefore, if programs for the elderly are structured as longevity-independent defined benefit programs, their success will reward healthier behaviors but increase these programs' outlays and worsen their financial condition.

Notes

RDA 1996-024

DOI10.1111/j.0887-378X.2004.00320.x
User Guide Notes

http://www.ncbi.nlm.nih.gov/pubmed/15330975?dopt=Abstract

Endnote Keywords

Alcohol Drinking/Social Security

Endnote ID

12382

Alternate JournalMilbank Q
Citation Key6925
PubMed ID15330975
PubMed Central IDPMC2690221
Grant ListR01 AA012162 / AA / NIAAA NIH HHS / United States