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Racially Disparate Effects of Raising the Retirement Age

Teresa Ghilarducci () and Kyle Moore
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Kyle Moore: Schwartz Center for Economic Policy Analysis (SCEPA), http://www.economicpolicyresearch.org

No 2015-03, SCEPA working paper series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: Advocates for raising the retirement age to 70 and beyond argue that since the "average" American is living longer, lifetime benefits are actually increasing. However, black seniors die sooner and are sick for a longer period of time than white seniors. This means that any policy to cut Social Security benefits by raising the normal retirement age will have a disparate and negative impact on Blacks. This study examines the size and growth of racial gaps in mortality and morbidity, and shows that while some groups have experienced lifetime benefit increases, others have not.

Keywords: Retirement; Social Security; Race; Inequality (search for similar items in EconPapers)
JEL-codes: D63 E21 H55 J26 J32 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2015-06
New Economics Papers: this item is included in nep-age, nep-mac, nep-pbe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepawp:2015-03

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