Search Results

Showing results 1 to 4 of approximately 4.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:social insurance 

Working Paper
Old, sick, alone, and poor: a welfare analysis of old-age social insurance programs

Poor health, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of Social Security and means-tested social insurance programs such as Medicaid and food stamp programs, for the aged. We find that U.S. means-tested social insurance programs for retirees provide significant welfare benefits for all newborn. Moreover, when means-tested social insurance benefits are of the ...
FRB Atlanta Working Paper , Paper 2013-02

Working Paper
Population aging, labor demand, and the structure of wages

One consequence of demographic change is substantial shifts in the age distribution of the working-age population. As the baby boom generation ages, the usual historical pattern of a high ratio of younger workers relative to older workers has been replaced by a pattern of roughly equal percentages of workers of different ages. One might expect that the increasing relative supply of older workers would lower the wage premium paid for older, more experienced workers. This paper provides strong empirical support for this hypothesis. Econometric estimates imply that the size of one?s birth cohort ...
Working Papers , Paper 17-1

Working Paper
Business Cycle Fluctuations in Mirrlees Economies: The Case of i.i.d. Shocks

I consider a real business cycle model in which agents have private information about the i.i.d. realizations of their value of leisure. For the case of logarithmic preferences I provide an analytical characterization of the solution to the associated mechanism design problem. Moreover, I show a striking irrelevance result: That the stationary behavior of all aggregate variables are exactly the same in the private information economy as in the full information case. Numerical simulations indicate that the irrelevance result approximately holds for more general CRRA preferences.
Working Paper Series , Paper WP 2020-04

Working Paper
Racial Inequality in Unemployment Insurance Receipt and Take-Up

This paper studies differences in receipt and take-up of unemployment insurance (UI) benefits among White and Black individuals. We combine state-level UI regulations with data containing detailed information on individuals’ work history and UI receipt. Black individuals who separate from a job are 24% less likely to receive UI than White individuals. The UI receipt gap stems primarily from lower take-up of UI benefits among likely eligible individuals, as opposed to differences in benefit eligibility. Statistical decompositions indicate that about one-half of the take-up gap is explained ...
Working Papers , Paper 22-09

FILTER BY year

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

D16 1 items

E60 1 items

E62 1 items

F41 1 items

F44 1 items

H31 1 items

show more (10)

PREVIOUS / NEXT