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. Author manuscript; available in PMC: 2016 Apr 26.
Published in final edited form as: Am Econ Rev. 2014 May;104(5):230–233. doi: 10.1257/aer.104.5.230

Table 3.

Medicare Benefits at Age 50 (average by quartile, at age 50)

AIME category/year Male
FEM–time trend
FEM-Waldron
1928 1960 1990 1928 1960 1990
Lowest 133,753 220,308 267,102 214,880 234,306 261,152
2 128,986 224,660 275,944 200,639 237,345 282,879
3 136,697 243,731 285,596 215,284 271,705 323,974
Highest 134,855 247,605 292,078 213,438 288,014 354,362
Gap, high-low 1,102 27,297 24,976 1,442 53,708 93,209
Ratio, high/low 1.01 1.12 1.09 0.99 1.23 1.36
AIME category/year Female
FEM–time trend
FEM-Waldron
1928 1960 1990 1928 1960 1990

Lowest 177,663 274,042 331,625 217,298 237,714 267,864
2 174,950 276,789 331,469 217,419 254,587 309,386
3 175,909 282,799 332,230 228,427 284,228 347,116
Highest 176,325 291,196 335,597 235,080 310,401 392,785
Gap, high-low 1,339 17,154 3,971 17,782 72,688 124,921
Ratio, high/low 0.99 1.06 1.01 1.08 1.31 1.47