ss_benefits: Computes social security benefits as a function of an...
In njanetos/ssbenefits:

Description Usage Arguments Details Value

Computes social security benefits as a function of an individual's history of earnings, retirement age, year in which they retired, and disability / household status.

1 2	ss_benefits(ss_policy, individual_profile, begin_year = 1951, end_year = 2100)

`ss_policy`	A list containing parameters for social security policy. See 'Details'.
`individual_profile`	A list containing the information about the individual for whom social security benefits will be computed.

The policy parameters consist of a wage index, so-called 'bend points', retirement bonuses for retiring late, as well as cost-of-living increases. The current values for these policies may be found on the social security website, https://www.ssa.gov/oact/cola/Benefits.html. The 'ss_policy' list must contain the following items:

wage_index: Wage indices used to inflate past earnings. (See here: https://www.ssa.gov/oact/cola/AWIgrowth.html.)
bend_points: So-called 'bend points'. (See here: https://www.ssa.gov/oact/cola/bendpoints.html.)
pia_percentages: Discounts applied to benefits depending on age of retirement.
cola_increases: Annual cost of living increases applied to benefits.

For formatting these inputs, see the data ss_policy_defaults, which returns default values in the correct format, using current social security administration policy as a guide. Load it with data(ss_policy_defaults).

Vector of monthly social security benefit earnings, per year in current_year.

njanetos/ssbenefits documentation built on May 30, 2019, 8:14 a.m.