IDEAS home Printed from https://ideas.repec.org/p/crr/crrwps/wp2023-22.html
   My bibliography  Save this paper

How Can Changes to Social Security Improve Benefits for Black and Hispanic Beneficiaries?

Author

Listed:
  • Richard W. Johnson
  • Karen E. Smith

Abstract

This paper compares Social Security outcomes for non-Hispanic Black, Hispanic, and non-Hispanic white beneficiaries and assesses the capacity of various benefit enhancements to narrow racial and ethnic disparities in Social Security benefits. Using the Dynamic Simulation of Income Model 4 (DYNASIM4), we project, under current law and each benefit enhancement, lifetime Social Security benefits, the share of beneficiaries receiving limited annual benefits, and the share with limited annual income. To capture the fully phased-in impact of each option, we project annual outcomes in 2080 and lifetime outcomes for adults born between 2001 and 2010.

Suggested Citation

  • Richard W. Johnson & Karen E. Smith, 2023. "How Can Changes to Social Security Improve Benefits for Black and Hispanic Beneficiaries?," Working Papers, Center for Retirement Research at Boston College wp2023-22, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2023-22
    as

    Download full text from publisher

    File URL: https://crr.bc.edu/how-can-changes-to-social-security-improve-benefits-for-black-and-hispanic-beneficiaries/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:crr:crrwps:wp2023-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amy Grzybowski or Christopher F Baum (email available below). General contact details of provider: https://edirc.repec.org/data/crrbcus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.