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- Title
How is economic hardship avoided by those retiring before the Social Security entitlement age?
- Authors
MILLIGAN, KEVIN
- Abstract
Governments around the world are reacting to extended lifespans and troubled pension finances by increasing the age of retirement benefit entitlement. This paper studies those who retire before the age of full pension entitlement in the USA using data drawn from the Health and Retirement Study. The major finding is that four out of five people who have zero earnings at pre-entitlement ages are able to find a way to lift their incomes over the poverty line. For men, pension and annuity income are important while for women, spousal income helps most to get them over the line.
- Subjects
SOCIAL Security (United States); PENSION financing; RETIREMENT benefits; WAGES; ANNUITIES
- Publication
Journal of Pension Economics & Finance, 2014, Vol 13, Issue 4, p420
- ISSN
1474-7472
- Publication type
Article
- DOI
10.1017/S1474747214000171