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PredictedYearsofReceivingSocial Secuity Benefits for Men Born in 1920 and1940 and Change in Years of Benefit Receipt between the Two Birth Cohorts, byRank in Mid-Career Income DistributionPredicted years of receiving Social Security: Men(in years)302520158thTopBom in 1940Born in 1920Bottom 2nd3rd4th5th6th7th9thDecile of mid-career income distributionChange in life expectancy at age 50: Women(in years)86426.44.84.03.42.92.31.87th8th9th TopSth6th3rd4thBottom 2nd-2Decile of mid-career income distribution

Question

“Among those born in 1920, a woman in the lowest income group surviving to 50 could expect to live to age 80. A woman in the highest income group could expect to live to age 84. Use the chart below (and the 1st chart, above) to compute the percentage difference [(final–initial)/initial*100% or change/initial*100%] for Life Expectancy at age 50 for women born in 1920 and 1940 for the top and bottom deciles.               

Predicted
Years
of
Receiving
Social Secuity Benefits for Men Born in 1920 and
1940 and Change in Years of Benefit Receipt between the Two Birth Cohorts, by
Rank in Mid-Career Income Distribution
Predicted years of receiving Social Security: Men
(in years)
30
25
20
15
8th
Top
Bom in 1940
Born in 1920
Bottom 2nd
3rd
4th
5th
6th
7th
9th
Decile of mid-career income distribution
Change in life expectancy at age 50: Women
(in years)
8
6
4
2
6.4
4.8
4.0
3.4
2.9
2.3
1.8
7th
8th
9th Top
Sth
6th
3rd
4th
Bottom 2nd
-2
Decile of mid-career income distribution
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Predicted Years of Receiving Social Secuity Benefits for Men Born in 1920 and 1940 and Change in Years of Benefit Receipt between the Two Birth Cohorts, by Rank in Mid-Career Income Distribution Predicted years of receiving Social Security: Men (in years) 30 25 20 15 8th Top Bom in 1940 Born in 1920 Bottom 2nd 3rd 4th 5th 6th 7th 9th Decile of mid-career income distribution Change in life expectancy at age 50: Women (in years) 8 6 4 2 6.4 4.8 4.0 3.4 2.9 2.3 1.8 7th 8th 9th Top Sth 6th 3rd 4th Bottom 2nd -2 Decile of mid-career income distribution

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check_circleAnswer
Step 1

Given data of change in life expectancy at age 50 for women according to their income levels. As shown below

Among those born in 1920, a woman in the lowest income group surviving to 50 could expect to live to age 80. So life expectancy in 1920 for women = 80 in lowest income group

A woman in the highest income group could expect to live to age 84. So life expectancy in 1920 for women = 84 in highest income group.

 

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Step 2

We need to determine percentage difference for life expectancy at age 50 for women born in 1920 and 1940 for top and bottom deciles.

The change in life expectancy at age 50 women from 1920 to 1940 is 0 for bottom decile from the chart shown below.

The life expectancy of 50 year...

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