| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w20671
|
| 来源ID | Working Paper 20671
|
| Seesaws and Social Security Benefits Indexing |
| Matthew Weinzierl
|
| 发表日期 | 2014-11-10
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | The price indexation of Social Security benefit payments has emerged in recent years as a flashpoint of debate in the United States. I characterize the direct effects that changes in that price index would have on retirees who differ in their initial wealth at retirement and mortality rates after retirement. I propose a simple but flexible theoretical framework that converts benefits reform first into changes to retirees' consumption paths and then into a net effect on social welfare. I calibrate that framework using recently-produced data on Social Security beneficiaries by lifetime income decile and both existing and new survey evidence on the normative priorities Americans have for Social Security. The results suggest that the value retirees place on protection against longevity risk is an important caveat to the widespread enthusiasm for a switch to a slower-growing price index such as the chained CPI-U. |
| 主题 | Macroeconomics
; Business Cycles
; Public Economics
; National Fiscal Issues
|
| URL | https://www.nber.org/papers/w20671
|
| 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/578345
|
推荐引用方式
GB/T 7714 |
Matthew Weinzierl. Seesaws and Social Security Benefits Indexing. 2014.
|
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