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Does Social Security Privatization Produce Efficiency Gains?

Nishiyama, Shinichi; Smetters, Kent A. - 2021

, privatization reduces efficiency by about $5,600 per future household despite improved labor supply incentives.We check the … harms efficiency. However, increasing the progressivity of the remaining traditional system is very effective at restoring … risk sharing, thereby allowing partial privatization to produce efficiency gains of $2,700 per future household …

Persistent link: https://www.econbiz.de/10013210603

Longevity, life-cycle behavior and pension reform

Haan, Peter; Prowse, Victoria - In: Journal of econometrics 178 (2014) 1, pp. 582-601

Persistent link: https://www.econbiz.de/10010256861

Work Incentives in the Social Security Disability Benefit Formula

Goda, Gopi Shah - 2015

We examine the connection between taxes paid and benefits accrued under the Social Security Disability Insurance (SSDI) program on both the intensive and extensive margins. We perform these calculations for stylized workers given the existing benefit structure and disability hazard rates. On the...

Persistent link: https://www.econbiz.de/10013011940

Delays in Claiming Social Security Benefits

Coile, Courtney; Diamond, Peter A.; Gruber, Jonathan; … - 2021

This paper focuses on Social Security benefit claiming behavior, a take-up decision that has been ignored in the previous literature. Using financial calculations and simulations based on an expected utility maximization model, we show that delaying benefit claim for a period of time after...

Persistent link: https://www.econbiz.de/10013221087

Unskilled Migration : A Burden or a Boon for the Welfare State

Razin, Assaf; Sadka, Efraim - 2021

In a static setup, migration of unskilled labor may be resisted by the entire native-born population because, being relatively low earners, migrants are net beneficiaries of the fiscal system. However, the paper shows that with a pay-as-you-go pension, an important pillar of the welfare state,...

Persistent link: https://www.econbiz.de/10013244737