Social Security and the Evolution of Elderly PovertyGary V. Engelhardt, Jonathan Gruber
NBER Working Paper No. 10466 We use data from the March 1968-2001 Current Population Surveys to document the evolution of elderly poverty over this time period, and to assess the causal role of the Social Security program in reducing poverty rates. We develop an instrumental variable approach that relies on the large increase in benefits for birth cohorts from 1885 through 1916, and the subsequent decline and flattening of real benefits growth due to the Social Securing 'notch', to estimate of Social Security on elderly poverty. Our findings suggest that over all elderly families the elasticity of poverty to benefits is roughly unitary. This suggests that reductions in Social Security benefits would significantly alter the poverty of the elderly. A non-technical summary of this paper is available in the NBER Bulletin on Aging and Health. You can sign up to receive the NBER Bulletin on Aging and Health by email.
Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): 10.3386/w10466 Published: Auerbach, Alan, David Card and John Quigley (eds.) Public Policy and the Income Distribution. New York: Russell Sage Foundation, 2006. Users who downloaded this paper also downloaded* these:
|

Contact Us