A Note on Resource Testing and Temptation
19 Pages Posted: 3 Jul 2016
Date Written: November 1, 2015
Abstract
This study analyzes the relative performance in terms of welfare of the current U.S. PAYG system compared to an array of cost equivalent alternative specifications of means-tested pension programs. We conduct our analysis under two different settings. While in the first setting, individuals have standard preferences, in the second setting individuals have self-control preferences. We show that the implications of the reform substantially differs across the two settings.
Keywords: Dynamic general equilibrium, social security, means testing, welfare
JEL Classification: E21, E62, H55
Suggested Citation: Suggested Citation
Kumru, Cagri S. and Piggott, John and Thanopoulos, Athanasios C., A Note on Resource Testing and Temptation (November 1, 2015). Michigan Retirement Research Center Research Paper No. 2016-340, Available at SSRN: https://ssrn.com/abstract=2802766 or http://dx.doi.org/10.2139/ssrn.2802766
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