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来源类型Working Paper
规范类型报告
DOI10.3386/w22970
来源IDWorking Paper 22970
The Hidden Resources of Women Working Longer: Evidence from Linked Survey-Administrative Data
C. Adam Bee; Joshua Mitchell
发表日期2016-12-26
出版年2016
语种英语
摘要Despite women’s increased labor force attachment over the lifecycle, household surveys such as the Current Population Survey Annual Social and Economic Supplement (CPS ASEC) do not show increases in retirement income (pensions, 401(k)s, IRAs) for women at older ages. We use linked survey-administrative data to demonstrate that retirement incomes are considerably underreported in the CPS ASEC and that women’s economic progress at older ages has been substantially understated over the last quarter century. Specifically, the CPS ASEC shows median household income for women age 65-69 rose 21 percent since the late 1980s, while the administrative records show an increase of 58 percent. Survey biases in women’s own incomes appear largest for women with the longest work histories. We also exploit the panel dimension of our data to follow a cohort of women and their spouses (if present) as they transition into retirement in recent years. In contrast to previous work, we find that most women do not experience noticeable drops in income up to five years after claiming social security, with retirement income playing an important role in maintaining their overall standard of living. Our results pose a challenge to the literature on the “retirement consumption puzzle” and suggest total income replacement rates are high for recent retirees.
主题Microeconomics ; Households and Firms ; Behavioral Economics ; Public Economics ; National Fiscal Issues ; Labor Economics ; Demography and Aging ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w22970
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/580644
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C. Adam Bee,Joshua Mitchell. The Hidden Resources of Women Working Longer: Evidence from Linked Survey-Administrative Data. 2016.
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