How might legal recognition of household same-sex marriage affect retirement incomes and federal programs? : final report / Karen E. Smith, Stephen Rose, Damir Cosic.
Publication Info.
[Washington, D.C.] : U.S. Department of Labor, Employee Benefits Security Administration, 2016.
1 online resource (viii, 92 pages) : color illustrations
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note
"November 2016."
Bibliography
Includes chapter notes (page 88), bibliographical references (pages 89-91).
Contents
Introduction -- Literature review -- Number and characteristics of same-sex cohabiting and married couples -- Demographic characteristics of same-sex cohabiting and married couples -- Estimation models -- Projection results -- Conclusions -- Appendix A. Effective date of legal same-sex marriage by state -- Appendix B. Same-sex cohabitation hazard -- Appendix C. Same-sex marriage hazard model -- Appendix D. Heterosexual cohabitation hazard model -- Appendix E. Heterosexual marriage and separation hazard model, cohabiting couples -- Appendix F. Heterosexual separation from marriage hazard model, married couples -- Appendix G. Heterosexual divorce hazard model for separated couples.
Summary
This paper uses the Urban Institute's Dynamic Simulation of Income Model (DYNASIM) to estimate the impact of legal same-sex marriage on retirement incomes of lesbians and gays from 2015 to 2065. It also estimates the impact of legal same-sex marriage on government budgets. Legal same-sex marriage reduces government budgets (increases the deficit) but also increases retirement incomes for seniors in the bottom three-fifths of the income distribution.
Funding
Funded by US Department of Labor's Employee Benefits Security Administration DOL-OPS-14-D-0020
Note
Description based on online resource; PDF version; title from cover (DOL, viewed November 5, 2021).
