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Modeling Lifetime Earnings Paths: Hypothetical versus Actual Workers.

dc.contributor.authorMitchell, Olivia S.
dc.contributor.authorAu, Andrew
dc.contributor.authorPhillips, John W. R.
dc.date.accessioned2007-04-25T15:08:03Z
dc.date.available2007-04-25T15:08:03Z
dc.date.issued2004-03
dc.identifier.urihttps://hdl.handle.net/2027.42/50545
dc.description.abstractTo assess the distributional effects of social security reform proposals, it is essential to have good information on real-world workers’ lifetime earnings trajectories. Until recently, however, policymakers have relied on hypothetical earnings profiles for policy analysis. We use actual lifetime earnings data from the Health and Retirement Study (HRS) to compare actual workers’ covered earnings profiles to these hypothetical profiles. We show that the hypothetical profiles do not track earnings patterns of current retirees; thus lifetime pay levels are much higher than for most HRS workers. Therefore, using hypothetical profiles could misrepresent benefits paid and taxes collected under such reforms.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent533303 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherMichigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104en
dc.relation.ispartofseriesWP 2004-074en
dc.titleModeling Lifetime Earnings Paths: Hypothetical versus Actual Workers.en
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationotherUniversity of Pennsylvaniaen
dc.contributor.affiliationotherSocial Security Administrationen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/50545/1/wp074.pdfen_US
dc.owningcollnameRetirement and Disability Research Center, Michigan (MRDRC)


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