Working for a Good Retirement

Brief

Working for a Good Retirement

Abstract

(Brief) Workers who delay retirement can save more and contribute more to the economy. Using the Urban Institute's Dynamic Simulation of Income model (DYNASIM3), this brief shows that someone who works an extra five years could increase retirement spending by more than half. Also, work-inducing reformsrather than reforms that simply reduce benefitshelp close the Social Security funding gap.

Cross-Center Initiative

Cross-Center Initiative: 
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