title: Income replacement ratios in the Health and Retirement Study.
abstract: This article describes the income replacement ratio as a measure of retirement income adequacy and identifies several issues analysts must consider when calculating a replacement ratio. The article presents the income replacement ratios experienced by participants in the original sample cohort of the Health and Retirement Study (HRS), who were born between 1931 and 1941. Replacement ratios are shown by the respondent's birth cohort, age when first classified as retired in the HRS, and preretirement income quartile. Median replacement ratios fall as the retirement period grows longer.
authors.affiliation: Division of Policy Evaluation, Office of Research, Evaluation, and Statistics, Office of Retirement and Disability Policy, Social Security Administration, USA.
authors.forename: Patrick J
authors.initials: PJ
authors.lastname: Purcell
mesh_terms: D000368:Aged; D015331:Cohort Studies; D004651:Employment / Q000191:economics / Q000706:statistics & numerical data; D005260:Female; D006801:Humans; D007182:Income / Q000706:statistics & numerical data*; D008297:Male; D017533:Marital Status / Q000706:statistics & numerical data; D008875:Middle Aged; D015999:Multivariate Analysis; D010415:Pensions / Q000706:statistics & numerical data; D012179:Retirement / Q000191:economics*; D012456:Salaries and Fringe Benefits / Q000191:economics / Q000706:statistics & numerical data; D012943:Social Security / Q000191:economics*; D013997:Time Factors; D014481:United States