Research by Author & Topic

Publications by Melissa Favreault on Other Data

This final report presents the retirement income projections from Modeling Income in the Near Term (MINT4) data system. Key findings include that the 1996 SIPP panel has lower-than-average lifetime earnings compared with the 1990 to 1993 SIPP panels, but the variance is within the bounds of the sampling error. Retirement income will become increasingly unequally distributed as both the top of the distribution rises and bottom falls. Aged poverty rates decline as retirement income grows faster than prices through years of positive real wage growth.

This primer provides an overview of the Urban Institute's Dynamic Simulation of Income Model (DYNASIM3). DYNASIM3 is a dynamic microsimulation model that projects the population and analyzes the long-run distributional consequences of retirement and aging issues. The model starts with a representative sample of individuals and families and ages the data year by year, simulating demographic and economic events including all of the key components of retirement incomes. The model has been used recently to examine the long-term consequences of recent patterns of savings and earnings inequality and to simulate potential changes in Social Security benefits.