Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|Improving the Measurement of Retirement Income of the Aged Population|
Office of Retirement and Disability Policy, Social Security Administration [SSA]
Jan. 12, 2021
"[F]or the population aged 65 or older, supplementing the CPS ASEC with IRS and Social Security administrative data results in a higher estimate of pension income's share of aggregate income, less estimated reliance on Social Security, and a lower estimated rate of poverty.... [The authors] find that the [2016 Health and Retirement Study (HRS)] provides better estimates of the income of the aged population than the public-use [2016 Current Population Survey (CPS)] data."
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