Replication data for: Social Security Reforms: Benefit Claiming, Labor Force Participation, and Long-Run Sustainability

Principal Investigator(s): View help for Principal Investigator(s) Selahattin Imrohoroğlu; Sagiri Kitao

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Project Citation:

Imrohoroglu, Selahattin, and Kitao, Sagiri. Replication data for: Social Security Reforms: Benefit Claiming, Labor Force Participation, and Long-Run Sustainability. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114252V1

Project Description

Summary: This paper develops a general equilibrium life-cycle model with endogenous labor supply in both intensive and extensive margins, consumption, saving, and benefit claiming to measure the long-run effects of a proposed Social Security reform. Agents in the model face medical expenditure, wage, health, and survival shocks. Raising the normal retirement age by two years increases labor supply by 2.8 percent and the capital stock by 12.6 percent, showing that both margins of adjustment are critical. General equilibrium effects are important to account for the effects of reform on savings, although the effects on labor supply are less important. (JEL D91, E21, H55, I13, J22)

Scope of Project

JEL Classification:
      D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
      E21 Macroeconomics: Consumption; Saving; Wealth
      H55 Social Security and Public Pensions
      I13 Health Insurance, Public and Private
      J22 Time Allocation and Labor Supply

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Published Versions

V1 [2019-10-12]

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