Effects of OASDI benefit increase, June 1978.
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Biomedical subjects
Publications and source records attributed to B A Lingg.
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Every year a number of social security beneficiaries lose some or all of their benefits because of the earnings test. This article describes those affected in 1975--who they were, how much they earned, and how much they lost in cash benefits. The relationships between certain beneficiary characteristics--such as age, sex, race, primary insurance amount, family status, and type of employment--and the amount of earnings and lost benefits are examined. About 1.3 million retired workers aged 62--71, or one-seventh of all such persons on the rolls, were affected by the earnings test. Relatively fewer women retired workers than men incurred benefit losses because relatively fewer women worked and those who did had lower earnings. Black retired workers and those of other minority races had lower earnings than did white retired workers. About 335,000 dependent and survivor beneficiaries lost benefits because of their earnings. This total included 135,000 widowed mothers, or about one-fifth of all such women on the rolls.
This article presents information on the lifetime covered earnings of retired-worker and disabled worker beneficiaries under OASDHI, the year of their first earnings credits, their quarters of coverage, and the relationship of these factors to 1972 benefit levels. Among both groups, relatively more women began earning credits after 1940; they also worked fewer years in covered employment and had lower lifetime earnings overall. Their benefits were thus smaller than those of men. White men tended to have higher lifetime covered earnings than did black and other men, but the latter sometimes had lifetime earnings that exceeded those of white women with equal quarters of coverage. Black women and those of other minority races tended to have the lowest lifetime covered earnings. Both retired and disabled workers whose covered employment began after 1950 were likely to have benefits as high or higher than the benefits of those with earlier credits--a reflection of rising wage levels and higher taxable maximums, as well as the "new start" computation method. as well as the "new start" computation method.
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Every year a number of social security beneficiaries under age 72 lose some or all of their benefits because of the annual earnings test. This article describes those affected in 1973--who they were, how much they earned, and how much they lost in cash benefits. The relationships between certain beneficiary characteristics--such as age, sex, race, primary insurance amount, and family status--and the amount of earnings and lost benefits are examined. About 1.4 million retired workers aged 62-71, or nearly one-sixth of all such persons on the rolls, were affected by the earnings test. Relatively fewer women retired workers than men incurred benefit losses because relatively fewer women worked and those who did had lower earnings. Black retired workers and those of other minority races had lower earnings than did their white counterparts. About 400,000 dependent and survivor beneficiaries lost benefits because of their earnings. This total included more than 150,000 widowed mothers, or about one-fourth of all such women on the rolls.