全球智库信息集成服务系统(G2TT): The Cost of Uncertainty about the Timing of Social Security Reform

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21585
来源ID	Working Paper 21585
	The Cost of Uncertainty about the Timing of Social Security Reform
	Frank N. Caliendo; Aspen Gorry; Sita Slavov
发表日期	2015-09-28
出版年	2015
语种	英语
摘要	We develop a model to study optimal decision making in the face of uncertainty about the timing and structure of a future event. The model is used to study optimal decision making and welfare when individuals face uncertainty about when and how Social Security will be reformed. When individuals save optimally for retirement, the welfare cost of uncertainty about the timing and structure of reform is just a few basis points of total lifetime consumption. In contrast, the cost of reform uncertainty can be greater than 1% of total lifetime consumption for individuals who do not save.
主题	Microeconomics ; Mathematical Tools ; Macroeconomics ; Consumption and Investment ; Fiscal Policy ; Public Economics ; Taxation ; National Fiscal Issues
URL	https://www.nber.org/papers/w21585
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/579260
推荐引用方式 GB/T 7714	Frank N. Caliendo,Aspen Gorry,Sita Slavov. The Cost of Uncertainty about the Timing of Social Security Reform. 2015.