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Title: The Applied Political Economy of Social Security Reform

Citation Type: Working Paper

Publication Year: 2019

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Abstract: We identify which types of Social Security reforms are supported when people vote in their financial self-interest, under alternative economic and demographic projections and voting proclivity assumptions. While 40% of voters have negative lifetime net transfers, less than 10% have negative future transfers under the un-sustainable status quo. Framing the problem as a choice between reforms is necessary for any to receive majority support. Delayed reforms are often preferred, but immediate tax hikes or slower benefit growth win in some circumstances. Inter-generational AND intragenerational heterogeneity of economic interests combine to affect which reforms are blocked and which are feasible.

Url: https://www.perezdiego.org/wp-content/uploads/2022/08/Boskin_Bennet_Perez.pdf

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Authors: Boskin, Michael J; Perez, Diego J; Bennett, Daniel S

Series Title: NBER Working Paper Series

Publication Number: 25985

Institution: National Bureau of Economic Research

Pages: 1-44

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Data Collections: IPUMS CPS

Topics: Aging and Retirement, Poverty and Welfare

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