How has Social Security changed the quality of life?
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33 Citations | The authors argue it is important for policymakers and advocates to work to improve retirement security in the United States and strengthen Social Security for all, preserving those features of Social Security that work well for older women, while also reforming the outdated aspects of the Social Security system that disadvantage women. |
01 Nov 1989 15 Citations | This brings into question whether “social security” should be defined narrowly (income maintenance or income replacement) or broadly (including “quality of life” dimensions, such as improved housing and health care). |
| Findings show that although social change experienced did not generally impair subsequent quality of life, it tended to be more detrimental to the person with lower quality of life before. | |
| Our results show that the impact of social security on these variables has been non-trivial. | |
| This experience may influence societal quality of life and quality of work life, which may in turn affect personal quality of life. | |
| Public social security systems may provide diversification of risks to individuals’ life-time income. | |
76 Citations | Social security and the modern American woman 7. |
16 Citations | In addition, the current Social Security Statements obscure the extent to which additional years of labor market participation increase the value of Social Security benefits. |
| In addition, recent empirical work suggests that people tend to accumulate, or fail to significantly decumulate, wealth, wealth in old age, a finding at odds with the strict life-cycle model.3 Given the potentially large role of bequests in the process of capital accumulation, it is important to know how bequests are affected by the large public programme that social security has become. | |
| Additionally, the experience of social change is possibly less detrimental to personal quality of life later in the presence of higher existing personal quality of life. | |
| The evidence also suggests that Social Security could account for at least half of the large decline in late-life work from 1940 to 1960. | |
| The life-cycle model shows that there are two main ways in which social security can affect behavior. | |
| This paper argues that the development of social security has been inextricably linked to the remarkable economic growth. | |
01 Jan 1977 126 Citations | The extended life-cycle model shows that the impact of social security on private savings depends on two opposing effects: wealth replacement and induced retirement. |
76 Citations | The mid-life crisis of American social security 4. |
| Hence, there are possible ways for social change to predict personal quality of life. | |
| Because they ignore the household-level and macroeconomic adjustments associated with longevity improvements, the actuarial projections of the Social Security Administration overestimate the Social Security crisis. |
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