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The evaluation of the impact on poverty of social programs depends on how other programs are treated in the analysis and on the assumptions used for estimating poverty measures. This paper applies a simple yet sound method for allocating between various programs the total poverty reduction...
Persistent link: https://www.econbiz.de/10005609424
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...
Persistent link: https://www.econbiz.de/10014513264
The purpose of this paper is to examine what key reform attempts during the Bill Clinton and George W. Bush presidencies reveal about the wider possibilities for social policy change in the United States. Most particularly, why were Presidents Clinton and Bush able to achieve their goals in some...
Persistent link: https://www.econbiz.de/10005763259
This paper shows that, beyond the institutional stability of Social Security, changes in the private sector as well as the emergence of a new financial paradigm have transformed both the U.S. pension system and the political debate about its future. Although no major reform of Social Security...
Persistent link: https://www.econbiz.de/10005181077
We review the empirical literature that studies the effect of ethnic diversity on the welfare state and on individual attitudes. The outcome variables that we cover in the survey are on the one hand public spending, and on the other hand individual attitudes and behaviour, including charity...
Persistent link: https://www.econbiz.de/10003857714
This paper simulates a transition from the current pay-as-you-go Social Security system to a prefunded system based on Personal Retirement Accounts (PRAs). Annual PRA contributions of 2 percent of taxable payroll earning the historical return on the corporate sector are sufficient to close the...
Persistent link: https://www.econbiz.de/10014038253
in the form of coordination of taxes and benefits through treaty-like instruments called executive agreements. However …
Persistent link: https://www.econbiz.de/10014027493
The aging of the American population will be a critical public policy issue in the years ahead. This paper surveys the recent literature on the economics of aging, with a special emphasis on government spending on the aged. The U.S. Census Bureau projects that the proportion of the elderly in...
Persistent link: https://www.econbiz.de/10003727006
the United States: government income transfers and government spending. The identification strategy positions the … structural shocks to public expenditures in an SVAR framework with exogenous measures of public expenditure changes. Transfers … multiplier is between 0 and 1, while increases in transfers generate a multiplier effect above 1 …
Persistent link: https://www.econbiz.de/10012977701
Between 1970 and the early 2000s, there was a revolution in support for the use of field experiments to evaluate social programs. Focusing on the welfare reform studies that helped to speed that transformation in the United States, this chapter describes the major challenges to implementing...
Persistent link: https://www.econbiz.de/10014023414