The general perception is that the Social Security program expanded significantly in the 1970s and today benefits are much higher relative to pre-retirement earnings than they were prior to that expansion. Indeed, the Social Security Trustees Report shows that the replacement rate — benefits as a percent of pre-retirement earnings — for the average worker rose from about 30 percent in 1970 to about 40 percent in 1980, where it remains today...
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Center for Retirement Research in its series Issues in Brief with number
ib2007-7-15.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: