CRR Aging Seminar
Martha Susana Jaimes Builes is a doctoral candidate at the Public and Urban Policy program at the New School, where she focuses on retirement policy and gender.
Martha will be presenting her paper “Is the Social Security’s Delayed Retirement Credit Regressive? The Effect of Differential Mortality Rates”
Abstract: Using Health and Retirement Study (HRS) data linked to administrative Social Security records, this study investigates the relationship between claim age and subsequent mortality, and the impact of the trend towards greater dispersion in claim ages on Social Security finances. To answer this question, I use a hazard model to examine 1) the extent to which those who delay claiming have lower mortality, and 2) whether adverse selection reflects correlations between socioeconomic status and both claim ages and subsequent mortality or the influence of subjective mortality beliefs. My findings indicate that early claimers have substantially higher mortality than those who delay. An implication of this result is that the Social Security’s delayed retirement credit might be more than actuarially fair to those who actually delay claiming.
Wednesday, April 3 at 10:00am to 11:00am
Hovey House, First Floor Library
258 Hammond Street, Chestnut Hill, MA 02467, USA