Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20562 |
来源ID | Working Paper 20562 |
The Perception Of Social Security Incentives For Labor Supply And Retirement: The Median Voter Knows More Than You'd Think | |
Jeffrey B. Liebman; Erzo F.P. Luttmer | |
发表日期 | 2014-10-06 |
出版年 | 2014 |
语种 | 英语 |
摘要 | The degree to which the Social Security tax distorts labor supply depends on the extent to which individuals perceive the link between current earnings and future Social Security benefits. Some Social Security reform plans have been motivated by an assumption that workers fail to perceive this link and that increasing the salience of the link could result in significant efficiency gains. To measure the perceived linkage between labor supply and Social Security benefits, we administered a survey to a representative sample of Americans aged 50-70. We find that the majority of respondents believe that their Social Security benefits increase with labor supply. Indeed, respondents generally report a link between labor supply and future benefits that is somewhat greater than the actual incentive. We also surveyed people about their understanding of various other provisions in the Social Security benefit rules. We find that some of these provisions (e.g., effects of delayed benefit claiming and rules on widow benefits) are relatively well understood while others (e.g., rules on spousal benefits, provisions on which years of earnings are taken into account) are less well understood. In addition, our survey incorporated a framing experiment, which shows that how the incentives for delayed claiming are presented has an impact on hypothetical claiming decisions. In particular, the traditional "break-even" framing used by the Social Security Administration leads to earlier claiming than other presentations do. |
主题 | Microeconomics ; Economics of Information ; Public Economics ; National Fiscal Issues |
URL | https://www.nber.org/papers/w20562 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578235 |
推荐引用方式 GB/T 7714 | Jeffrey B. Liebman,Erzo F.P. Luttmer. The Perception Of Social Security Incentives For Labor Supply And Retirement: The Median Voter Knows More Than You'd Think. 2014. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。