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The Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study

Gustman, Alan L. - 2013

of pensions earned on jobs not covered by Social Security, a key determinant of the size of WEP and GPO adjustments. Also …

Persistent link: https://www.econbiz.de/10013071796

Social Security Investment in Equities I : Linear Case

Diamond, Peter A. - 2008

Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of...

Persistent link: https://www.econbiz.de/10012774822

Insulation of Pensions from Political Risk

Diamond, Peter A. - 2006

There are many sources of political risk to public provision of pensions. This paper analyzes legislation to alter the …

Persistent link: https://www.econbiz.de/10012783964

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

Social Security and Democracy

Mulligan, Casey B.; Gil, Ricard; Sala-i-Martin, Xavier - 2021

Many political economic theories use and emphasize the process of voting in their explanation of the growth of Social Security, government spending, and other public policies. But is there an empirical connection between democracy and Social Security program size or design? Using some new...

Persistent link: https://www.econbiz.de/10013310228

The Effects of Changes in Women's Labor Market Attachment on Redistribution Under the Social Security Benefit Formula

Gustman, Alan L. - 2011

Studies using data from the early 1990s suggested that while the progressive Social Security benefit formula succeeded in redistributing benefits from individuals with high earnings to individuals with low earnings, it was much less successful in redistributing benefits from households with high...

Persistent link: https://www.econbiz.de/10013120197

Mismeasurement of Pensions Before and after Retirement : The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement...

Gustman, Alan L. - 2012

pension benefits and DC balances for those approaching retirement, pensions account for more support in retirement than is … the contributions of pensions as measured in income and wealth data. A number of factors cause the contribution of … pensions to be understated in retirement income data, especially data from the CPS. One factor is a difference in methodology …

Persistent link: https://www.econbiz.de/10013097779

Distributional Effects of Means Testing Social Security : Income Versus Wealth

Gustman, Alan L. - 2016

This paper compares Social Security means tests that would reduce benefits for recipients who fall in the top quarter of the income distribution with means tests aimed at those in the top quarter of the wealth distribution. Both means tests would reduce the average benefits for the affected...

Persistent link: https://www.econbiz.de/10012986683

Distributional Effects of Means Testing Social Security : An Exploratory Analysis

Gustman, Alan L. - 2014

considered: total wealth; an annualized measure of AIME; the wealth value of pensions; and a measure of average indexed lifetime …

Persistent link: https://www.econbiz.de/10013046167

Social Security, Retirement, and the Single-Mindedness of the Electorate

Mulligan, Casey B.; Sala-i-Martin, Xavier - 2021

We propose a positive theory that is consistent with two important features of social security programs around the world: (1) they redistribute income from young to old and (2) they induce retirement. We construct a voting model that includes a political campaign' or debate' prior to the...

Persistent link: https://www.econbiz.de/10013222047