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According to the Urban Institute's analysis of HRS data from 1992-2004, for participants aged 63-67, "job layoffs reduce Social Security wealth accumulation by about $4,700, or 11.9% of the average increment between 1992 and 2004, after other factors are held constant." (p. vi)
Johnson, R. W., Mermin, G., & Murphy, D. (2007). The impact of late-career health and employment shocks on social security and other wealth. Washington, DC: Urban Institute. Retrieved February 18, 2008 from http://www.urban.org/publications/411591.html
This report analyzed data from the Health and Retirement Survey from 1992 to 2004 using a sample of 2,829 adults.
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