Pfau, Wade Donald (2009): How Representative are Representative Workers? An Assessment of the Hypothetical Workers Commonly Used in Social Security Studies. Published in: Journal of Income Distribution , Vol. 18, No. 2 (June 2009): pp. 92-117.
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An understanding of the financial and distributional consequences of Social Security reform requires knowledge about the actual life circumstances of participants, including the level and pattern of their lifetime earnings and when they retire. Some analyses of Social Security reform make simplifying assumptions about these characteristics by using “hypothetical workers” with set career paths. We seek to develop greater understanding about actual lifetime earnings patterns to compare with hypothetical workers and find discrepancies which lead typical hypothetical workers to produce a more favorable impression for defined-contribution pension reforms. We suggest modifications to make a more suitable hypothetical worker.
|Item Type:||MPRA Paper|
|Original Title:||How Representative are Representative Workers? An Assessment of the Hypothetical Workers Commonly Used in Social Security Studies|
|Keywords:||Social Security; Hypothetical Workers; Defined-Contribution Pensions|
|Subjects:||H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions|
|Depositing User:||Wade D. Pfau|
|Date Deposited:||08. Dec 2009 07:07|
|Last Modified:||20. Feb 2013 22:29|
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