The joint labor supply decision of married couples and the U.S. Social Security pension system

2019 ◽  
Vol 31 ◽  
pp. 277-304 ◽  
Author(s):  
Shinichi Nishiyama
Keyword(s):  
Social Security ◽  
Labor Supply ◽  
Pension System ◽  
Married Couples ◽  
Labor Supply Decision ◽  
The U.S

scholarly journals Optimal pensions in aging economies

2017 ◽  
Vol 18 (1) ◽  
Author(s):  
Burkhard Heer
Keyword(s):  
Labor Supply ◽  
Pension System ◽  
Welfare Gains ◽  
Replacement Ratio ◽  
Total Consumption ◽  
Us Economy ◽  
Public Pension System ◽  
Labor Supply Elasticity ◽  
The Us ◽  
Labor Supply Decision

Abstract We derive the optimal replacement ratio of the pay-as-you-go public pension system for the US economy in a life-cycle model that 1) replicates the empirical wage heterogeneity and 2) endogenizes the individual’s labor supply decision. The optimal net pension replacement ratio is found to be in the range of 0%–43% depending on demographic parameters and, in particular, the Frisch labor supply elasticity. Reducing the pensions from the present to the optimal pension policies implies considerable welfare gains amounting to approximately 0.1%–4.1% of total consumption. The welfare increase is particularly pronounced for the greyer US population that is projected for the time after the demographic transition.

scholarly journals Overview of PROMISE

2020 ◽  
pp. 216514342098045
Author(s):  
David E. Emenheiser ◽  
Corinne Weidenthal ◽  
Selete Avoke ◽  
Marlene Simon-Burroughs
Keyword(s):  
Career Development ◽  
Social Security ◽  
Human Services ◽  
Technical Assistance ◽  
Department Of Education ◽  
Social Security Administration ◽  
Special Issue ◽  
Health And Human Services ◽  
The Social ◽  
The U.S

Promoting the Readiness of Minors in Supplemental Security Income (PROMISE), a study of 13,444 randomly assigned youth and their families, includes six model demonstration projects and a technical assistance center funded through the U.S. Department of Education and a national evaluation of the model demonstration projects funded through the Social Security Administration. The Departments of Labor and Health and Human Services and the Executive Office of the President partnered with the Department of Education and Social Security Administration to develop and monitor the PROMISE initiative. This article provides an overview of PROMISE as the introduction to this special issue of Career Development and Transition for Exceptional Individuals.

Reinventing Social Security: Towards a Two-Step Mixed Pension System

2020 ◽  
pp. 441-472
Author(s):  
Inmaculada Domínguez-Fabián ◽  
Francisco del Olmo-García ◽  
José Antonio Herce-San Miguel
Keyword(s):  
Social Security ◽  
Pension System
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