The Racial Morbidity Gap: Implications for Raising the Retirement Age
Teresa Ghilarducci () and
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Kyle Moore: Schwartz Center for Economic Policy Analysis (SCEPA), http://www.economicpolicyresearch.org
No 2015-02, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School
Proposals to reduce Social Security benefits collected before age 70 argue that Americans on average are living longer and should therefore work longer. But averages across racial groups hide crucial differences in quality of life, ability to work and longevity. While increasing the normal retirement age will make it more difficult for all Americans to experience a healthy and active retirement, Blacks will be disproportionately affected. For example, Blacks are more likely to develop adverse health conditions that limit their ability to work and to report declining health. The average black American will experience physical limitations before the normal retirement age of 67.
Keywords: Retirement; 401(k); Pensions; Race; Morbidity (search for similar items in EconPapers)
JEL-codes: D63 H55 J26 J32 (search for similar items in EconPapers)
Pages: 4 pages
New Economics Papers: this item is included in nep-age
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2015-02
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