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Do Late-Career Wages Boost Social Security More For Women Than Men?

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  • Matthew S. Rutledge
  • John E. Lindner

Abstract

Any worker who delays claiming Social Security receives a larger monthly benefit due to the actuarial adjustment. Some claimants – particularly women, who are more likely to take time out of the labor force early in their careers – can further increase their benefit if the extra years of work raise their career average earnings by displacing lower-earning years. This study uses the Health and Retirement Study (HRS) linked to earnings records to quantify the impact of women’s late-career earnings on Social Security benefits relative to men’s. It also compares the impact on women, depending on their marital status and education.

Suggested Citation

  • Matthew S. Rutledge & John E. Lindner, 2016. "Do Late-Career Wages Boost Social Security More For Women Than Men?," Working Papers, Center for Retirement Research at Boston College wp2016-13, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2016-13
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    File URL: http://crr.bc.edu/wp-content/uploads/2016/11/wp_2016-13.pdf
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    References listed on IDEAS

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