The Joint Labor Supply Decision of Married Couples and the Social Security Pension System
dc.contributor.author | Nishiyama, Shinichi | |
dc.date.accessioned | 2010-11-30T16:02:25Z | |
dc.date.available | 2010-11-30T16:02:25Z | |
dc.date.issued | 2010-09 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/78346 | |
dc.description.abstract | The current U.S. Social Security program redistributes resources from high wage workers to low wage workers and from two-earner couples to one-earner couples. The present paper extends a standard general-equilibrium overlapping-generations model with uninsurable wage shocks to analyze the effect of spousal and survivors benefits on the labor supply of married couples. The heterogeneous-agent model calibrated to the 2009 U.S. economy predicts that removing spousal and survivors benefits would increase female market work hours by 4.3-4.9% and total output by 1.1-1.5% in the long run, depending on the government financing assumption. If the increased tax revenue due to higher economic activity after the policy change was redistributed in a lumpsum manner, a phased-in cohort by-cohort removal of these benefits would make all current and future age cohorts on average better off. | en_US |
dc.description.sponsorship | Social Security Administration | en_US |
dc.format.extent | 773438 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 | en_US |
dc.relation.ispartofseries | WP 2010-229 | en_US |
dc.subject | WP 2010-229 | en_US |
dc.title | The Joint Labor Supply Decision of Married Couples and the Social Security Pension System | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationum | Georgia State University | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/78346/1/wp229.pdf | |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
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