HKS Authors

See citation below for complete author information.

Professor of the Practice of Public Policy, HKS; Professor of the Practice of Economics, FAS

Abstract

Popular commentary often points to the lower lifetime earnings and longer expected life spans of women relative to men as a reason to be especially concerned about the economic risks women face as they age. Indeed, women aged 65 and older are twice as likely as their male counterparts to live in poverty. Disability and widowhood are major drivers of economic insecurity for women later in life. To reduce the risk of economic insecurity among older women, the authors propose to allow Social Security beneficiaries to forgo some benefits when claiming to finance greater benefits in the event of widowhood, disability, or both. The proposed changes would be voluntary and self-financing.

Citation

Brown, Jason and Karen Dynan. "Increasing the Economic Security of Older Women." The 51% - Driving Growth through Women's Economic Participation. Brookings Institution, 2017.