Over the last three decades, earnings have grown faster for college graduates than for workers without a 4-year college degree. Such wage-growth differentials could affect the Social Security benefits and other retirement income of future retirees. A Social Security Administration...

This article explores how faster rates of wage growth for college graduates than for nongraduates could affect the Social Security benefits of future retirees. Using a Social Security Administration microsimulation model called Modeling Income in the Near Term, the authors estimate the effect of...

In recent decades, employers have increasingly replaced defined benefit (DB) pensions with defined contribution (DC) retirement accounts for their employees. DB plans provide annuities, or lifetime benefits paid at regular intervals. The timing and amounts of DC distributions, however, may vary...