Income Replacement in Retirement: Longitudinal Evidence from Income Tax Records
Frank T. Denton,
Ross Finnie () and
Byron G. Spencer
Quantitative Studies in Economics and Population Research Reports from McMaster University
Abstract:
We analyse a large longitudinal data file to determine who has retired and to assess how successful they are in maintaining their incomes after retirement. Our main conclusions are as follows. First, in the two years immediately after retirement the after-tax income replacement ratios average about two-thirds when calculated across all ages of retirement. Second, the ratios tend to increase with the age of retirement. Third, the ratios increase with years in retirement, at least in the first few years. Finally, income replacement ratios are highest in the lowest income quartile and generally decline as income increases; within each quartile the replacement ratios are higher for those who retired later than for those retired earlier.
Keywords: income replacement; retirement (search for similar items in EconPapers)
JEL-codes: D31 J14 J26 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2009-11
New Economics Papers: this item is included in nep-age and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://socserv.mcmaster.ca/qsep/p/qsep436.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://socserv.mcmaster.ca/qsep/p/qsep436.pdf [302 Moved Temporarily]--> https://socialsciences.mcmaster.ca/qsep/p/qsep436.pdf)
Related works:
Working Paper: Income Replacement in Retirement: Longitudinal Evidence from Income Tax Records (2009) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:mcm:qseprr:436
Access Statistics for this paper
More papers in Quantitative Studies in Economics and Population Research Reports from McMaster University Contact information at EDIRC.
Bibliographic data for series maintained by ().