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This paper uses a heterogeneous-agent overlapping-generations model to examine the fiscal and distributional consequences of introducing a means test in US Social Security. I find that a means test, that is, conditioning benefit payments on a household's earnings or assets, leads to a higher...
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The United States Social Security Amendments of 1983 (SSA1983) increased the full retirement age (FRA) and increased penalties for retiring before the FRA. This cut to retirement benefits caused spillover effects on Social Security Disability Insurance (SSDI) applications and receipt by making...
Persistent link: https://www.econbiz.de/10012214821
private savings ratio. In a generalized model private investment (IP) has to be supplemented by the trade balance (E) and the … generalized case, on the demand effect of NPCE growth and on changes in the private savings ratio. In the present paper the term …, the private savings ratio does depend on GDP, especially on the distribution of disposable GDP between undistributed …
Persistent link: https://www.econbiz.de/10012099845
private savings ratio. In a generalized model private investment (IP) has to be supplemented by the trade balance (E) and the … generalized case, on the demand effect of NPCE growth and on changes in the private savings ratio. In the present paper the term …, the private savings ratio does depend on GDP, especially on the distribution of disposable GDP between undistributed …
Persistent link: https://www.econbiz.de/10009649655
international wage differentials and preferences for origin. We use a model of job search, savings and migration to show that job …
Persistent link: https://www.econbiz.de/10013325227
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