Reducing Poverty Among Elderly Women
SSRN Electronic JournalPublished 1 January 2001Open access
Michael Anzick, David Weaver
Citations19
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Abstract
Although the Social Security program has substantially reduced poverty among older Americans, 17.3 percent of nonmarried elderly women (widowed, divorced, or never married) are living in poverty today. This paper explores several policy options designed to reduce poverty by enhancing Social Security widow(er)'s benefits, Supplemental Security Income benefits, and Social Security's special minimum benefit. Depending on the option, 40 percent to 58 percent of the additional federal spending would be directed to the poor or near poor.
Keywords
Social SciencesBusiness, Management and Accounting
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The article finds that the economic status of the elderly in 1992 was substantially better than in 1967, but was about the same as that in 1984.
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An analysis of the poverty implications of repealing the retirement earnings test (RET) shows minimal poverty effects if the RET were repealed at the NRA through age 69 but significant poverty effects from repealing it for those below the NRA.