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

TitleDo Late-Career Wages Boost Social Security More for Women than Men?
Publication TypeReport
Year of Publication2016
AuthorsRutledge, MS, Lindner, JE
Series TitleCenter for Retirement Research at Boston College Working Paper Series
Document NumberWP#2016-13
InstitutionCenter for Retirement Research at Boston College
CityChestnut 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.

URLhttp://crr.bc.edu/working-papers/do-late-career-wages-boost-social-security-more-for-women-than-men/
Citation Key9030