Replacing income in retirement for the newly retired

A distributional analysis of gross and net replacement rates

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1 Citation (Scopus)

Abstract

Income replacement after retirement is an increasingly important economic policy area of social concern. This study examines three different measures of replacement income, including the effect of taxes on the estimated replacement rates of new retirees in the Health and Retirement Study. An analysis of replacement rates on average and in different parts of the distribution shows that married, older, and voluntary retirees have the highest replacement rates and that income from pensions and Social Security still form the majority of retirement income replacement.
Original languageEnglish
Pages (from-to)83-105
Number of pages23
JournalJournal of Income Distribution
Volume16
Issue number2
Publication statusPublished - 1 Jun 2007

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retirement
income
retiree
policy area
pension
social security
Economic Policy
taxes
Replacement rate
Income
Retirement
Replacement
health
Social security
Tax
Health and Retirement Study
Retirement income
Economic policy
Pensions

Keywords

  • distributions
  • income adequacy
  • replacement rates
  • retirement
  • taxes

Cite this

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abstract = "Income replacement after retirement is an increasingly important economic policy area of social concern. This study examines three different measures of replacement income, including the effect of taxes on the estimated replacement rates of new retirees in the Health and Retirement Study. An analysis of replacement rates on average and in different parts of the distribution shows that married, older, and voluntary retirees have the highest replacement rates and that income from pensions and Social Security still form the majority of retirement income replacement.",
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