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来源类型Research Report
规范类型报告
Growing Wage Inequality, the Minimum Wage, and the Future Distribution of Retirement Income
Damir Cosic; Richard W. Johnson; Karen E. Smith
发表日期2018-07-31
出版年2018
语种英语
概述This study examines how rising wage inequality and a boost in the federal minimum wage might affect future retirement income. Projections from DYNASIM, the Urban Institute’s dynamic microsimulation model, show that if the wage gap between college and high school graduates continues to grow, retirement incomes for high-wage workers would rise, worsening income inequality at older ages despite Social Security’s
摘要
This study examines how rising wage inequality and a boost in the federal minimum wage might affect future retirement income. Projections from DYNASIM, the Urban Institute’s dynamic microsimulation model, show that if the wage gap between college and high school graduates continues to grow, retirement incomes for high-wage workers would rise, worsening income inequality at older ages despite Social Security’s progressive benefit formula. Raising the federal minimum wage to $12 per hour and subsequently adjusting it for inflation would boost lifetime earnings and future retirement income for low-wage workers but would not eliminate the projected increase in retirement income inequality.
主题Aging ; Income and Wealth ; Job Market and Labor Force
URLhttps://www.urban.org/research/publication/growing-wage-inequality-minimum-wage-and-future-distribution-retirement-income
来源智库Urban Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/480274
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Damir Cosic,Richard W. Johnson,Karen E. Smith. Growing Wage Inequality, the Minimum Wage, and the Future Distribution of Retirement Income. 2018.
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