Retirement & Social Security Policies Need to Change: NBER

Robert Powell, CFP®

The researchers provide an overview of research that indicates that older women face unique challenges and opportunities with respect to work, retirement, Social Security, and age discrimination law.

The researchers present estimates of poverty by age and sex, showing that poverty increases with age for women due to older women often outliving their spouses and becoming widowed.

The researchers discuss research that shows that women benefit more than men from working longer. They then note that older women face intersectional discrimination that can unfortunately be a barrier to older women working longer.

The researchers also detail how older women often “fall between the cracks” of the Age Discrimination in Employment Act and Title VII of the Civil Rights Act and are thus not well protected against this intersectional discrimination.

As a final example of how women face different circumstances, the researchers summarize research on how older women were differentially negatively impacted by the elimination of Social Security’s Retirement Earnings.

Read https://www.nber.org/papers/w27450.

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Robert Powell, CFP®