Title | Do Late-Career Wages Boost Social Security More for Women than Men? |
Publication Type | Report |
Year of Publication | 2016 |
Authors | Rutledge, MS, Lindner, JE |
Series Title | Center for Retirement Research at Boston College Working Paper Series |
Document Number | WP#2016-13 |
Institution | Center for Retirement Research at Boston College |
City | Chestnut Hill, MA |
Abstract | Any worker who delays claiming Social Security receives a larger monthly benefit due to the actuarial adjustment. Some claimants – particularly women, who are more likely to take time out of the labor force early in their careers – can further increase their benefits if the extra years of work raise their career average earnings by displacing lower-earning years. This study uses the Health and Retirement Study linked to earnings records to quantify the impact of women’s late-career earnings on Social Security benefits relative to men’s. It also compares the impact on women, depending on their marital status and education. |
URL | http://crr.bc.edu/working-papers/do-late-career-wages-boost-social-security-more-for-women-than-men/ |
Citation Key | 9030 |