Mind the Gap: The Distributional Effects of Raising the Early Eligibility Age and Full Retirement Age

by Anya Olsen
Social Security Bulletin, Vol. 72 No. 4, 2012
Table equivalent for Chart 1. Median individual benefit differences for beneficiaries aged 60 or older relative to scheduled benefits, 2030–2080
Year Growing-gap Gap-4 Gap-5 Payable benefits
2030 0 0 0 0
2031 0 0 0 0
2032 0 0 0 0
2033 0 0 0 0
2034 0 0 0 0
2035 0 0 0 0
2036 0 0 0 -19
2037 0 0 0 -23
2038 0 0 0 -23
2039 0 0 0 -23
2040 0 0 0 -23
2041 0 0 0 -22
2042 0 0 0 -22
2043 -1 0 0 -22
2044 -1 0 0 -22
2045 -1 0 0 -22
2046 -1 0 0 -22
2047 -2 0 0 -22
2048 -2 0 0 -21
2049 -2 0 0 -21
2050 -3 0 -1 -21
2051 -3 0 -1 -21
2052 -3 0 -1 -21
2053 -4 0 -1 -21
2054 -4 0 -1 -21
2055 -4 0 -1 -21
2056 -4 -1 -2 -22
2057 -5 -1 -2 -22
2058 -5 -1 -2 -22
2059 -5 -1 -2 -22
2060 -6 -1 -2 -22
2061 -6 -1 -2 -22
2062 -6 -1 -3 -22
2063 -6 -1 -3 -22
2064 -7 -1 -3 -22
2065 -7 -2 -3 -22
2066 -7 -2 -3 -22
2067 -7 -2 -3 -22
2068 -8 -2 -3 -22
2069 -8 -2 -4 -22
2070 -8 -2 -4 -23
2071 -8 -2 -4 -23
2072 -9 -2 -4 -23
2073 -9 -2 -4 -23
2074 -9 -2 -4 -23
2075 -9 -2 -5 -23
2076 -10 -3 -5 -24
2077 -10 -3 -5 -24
2078 -10 -3 -5 -24
2079 -10 -3 -5 -24
2080 -10 -3 -5 -24
SOURCE: Author's calculations using MINT6 data.