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Social Security reform: implications for women
1Department of Sociology, Boston College, Chestnut Hill, MA 02467-3807, USA. john.williamson@bc.edu
Journal of Aging & Social Policy
|January 10, 2001
Summary
Women face significant financial insecurity in old age, relying more on Social Security than men. Proposed policy changes, like privatization, disproportionately burden women, especially low-income individuals.
Area of Science:
- Social Sciences
- Economics
- Public Policy
Background:
- A persistent gender gap in financial security exists for older women.
- Women's reliance on Social Security for retirement income is higher than men's.
Purpose of the Study:
- To analyze the implications of proposed Social Security policy changes for women's economic security.
- To assess the impact of potential Social Security privatization on women, particularly low-income women.
Main Methods:
- Analysis of existing Social Security policies and proposed reforms.
- Examination of the differential impact of policy changes on various demographic groups, focusing on gender and income.
Main Results:
- Proposed changes, including partial privatization, could exacerbate financial risks for women.
- Low-income women are identified as a particularly vulnerable group under the analyzed policy shifts.
Conclusions:
- Current Social Security policy changes may disproportionately increase the financial burden and risks for women.
- Policy reforms require careful consideration to mitigate adverse effects on women's long-term economic security.
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