Research Report Modeling Income in the Near Term: Revised Projections of Retirement Income Through 2020 for the 1931-1960 Birth Cohorts
Final Report
Eric Toder, Lawrence H. Thompson, Melissa M. Favreault, Richard W. Johnson, Kevin Perese, Caroline Ratcliffe, Karen E. Smith, Cori E. Uccello, Jillian Berk, Romina Woldemariam, Gary T. Burtless, Claudia Sahm, Douglas A. Wolf
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This report details the development of a third version of MINT (Modeling Income in the Near Term), a tool for simulating the retirement incomes of members of the Baby Boom and neighboring cohorts. MINT3 can produce projections of economic and demographic characteristics in the year 2020, at the time of retirement, and for other years and ages. It can be used both to construct a baseline using alternative economic and demographic assumptions and to analyze the distributional consequences of a variety of Social Security policy changes.
Research and Evidence Tax and Income Supports
Expertise Upward Mobility and Inequality Social Safety Net Aging and Retirement
Tags Social Security Economic well-being Poverty Pensions Income and wealth distribution Retirement policy