Baby Boomers vs Their Parents: Economic Well-being and Health Status

Simple item page
dc.contributor.authorManchester, Joyce
dc.contributor.authorWeaver, David
dc.contributor.authorWhitman, Kevin
dc.date2023-05-17T22:37:36.000
dc.date.accessioned2023-05-23T00:30:26Z
dc.date.available2023-05-23T00:30:26Z
dc.date.issued2006-09-01
dc.date.submitted2019-08-28T14:56:16-07:00
dc.description.abstractIn this chapter, we use the Social Security Administration’s simulation model known as MINT (Modeling Income in the Near Term) to examine the projected health and economic status of Baby Boomers and their parents during retirement. Our projections indicate that boomers will enjoy higher levels of economic well-being and health than their parents, yet the distribution of income and wealth is more unequal among Boomers. For example, the ratio of income to poverty-level income grows three times faster at the 90th percentile than at the 10th percentile. Health problems are concentrated among persons of lower economic status in both generations, but the degree of concentration does not increase across generations.
dc.description.commentsThe published version of this Working Paper may be found in the 2007 publication: Redefining Retirement: How Will Boomers Fare? (http://pensionresearchcouncil.wharton.upenn.edu/publications/books/redefining-retirement-how-will-boomers-fare/)
dc.description.statementofresponsibilityThe authors thank Andrew Biggs, Sharmila Choudhury, Lionel Deang, Edward DeMarco, Lynn Fisher, Howard Iams, Olivia S. Mitchell, Mark Sarney, and Dave Shoffner for their help and comments.
dc.identifier.urihttps://repository.upenn.edu/handle/20.500.14332/43730
dc.legacy.articleid1366
dc.legacy.fulltexturlhttps://repository.upenn.edu/cgi/viewcontent.cgi?article=1366&context=prc_papers&unstamped=1
dc.relation.urlhttp://pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2015/09/0-19-923077-3-06.pdf
dc.rightsAll findings, interpretations, and conclusions of this paper represent the views of the author(s) and not those of the Wharton School or the Pension Research Council. © 2006 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.
dc.source.issue365
dc.source.issueWP2006-17
dc.source.journalWharton Pension Research Council Working Papers
dc.source.statuspublished
dc.subject.otherEconomics
dc.titleBaby Boomers vs Their Parents: Economic Well-being and Health Status
dc.typeWorking Paper
digcom.contributor.authorisAuthorOfPublication|email:JOYCE.MANCHESTER@SSA.GOV|institution:Social Security Administration|Manchester, Joyce
digcom.contributor.authorisAuthorOfPublication|email:david.a.weaver@ssa.gov|institution:Social Security Administration|Weaver, David
digcom.contributor.authorisAuthorOfPublication|email:kevin.whitman@ssa.gov|institution:Social Security Administration|Whitman, Kevin
digcom.identifierprc_papers/365
digcom.identifier.contextkey15223033
digcom.identifier.submissionpathprc_papers/365
digcom.typeworkingpaper
dspace.entity.typePublication
relation.isAuthorOfPublicatione5be78ee-9449-4eb6-a080-5e32d6c380c2
relation.isAuthorOfPublicationdb817fd5-9ffd-4bf1-b799-46f2cd390a95
relation.isAuthorOfPublication8aaf9e27-c403-4c93-ac77-b15862a25b35
relation.isAuthorOfPublication.latestForDiscoverye5be78ee-9449-4eb6-a080-5e32d6c380c2
upenn.schoolDepartmentCenterWharton Pension Research Council Working Papers
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Ch_6__from_9780199230778__Madrian__Redefining_Retirement_5.pdf
Size:
262.09 KB
Format:
Adobe Portable Document Format
Download
Collection
Working Papers