Question
Consider the following redistributive function of average indexed monthly earnings (AIME) Earnings: Earnings Benefits Per Dollar $0-2000 0.9 $2000-4000 0.6 $4000-6000 0.1 Assume that the
Consider the following redistributive function of average indexed monthly earnings (AIME)
Earnings:
| Earnings | Benefits Per Dollar |
| $0-2000 | 0.9 |
| $2000-4000 | 0.6 |
| $4000-6000 | 0.1 |
Assume that the Early Entitlement Age (EEA) is 60 and the Full-Benefits Age (FBA) is 65. Assume that the actuarial adjustment is 10%. If a person with an AIME of $10,000 retired at 63 what would the social security payment be?
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
