Social security reform with self-control preferences

Journal of Public Economics

Volumn 95, Issue 7-8, 2011, Pages 886-899

  Kumru, Cagri S ^a   Thanopoulos, Athanasios C ^b,c  

^a AUSTRALIAN NATIONAL UNIVERSITY   (Australia)

^b Ministry of Economy and Finance   (Greece)

^c UNIVERSITY OF ATHENS   (Greece)

Author keywords

Funded social security; Self control preferences; Unfunded social security

Indexed keywords

EID: 79955038315     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jpubeco.2011.03.001     Document Type: Article

References (40)

1. Ameriks John, Caplin Andrew, Leahy John, Tyler Tom Measuring self-control problems. American Economic Review 2007, 97:966-972.
2. Angeletos George-Marios, Laibson David, Repetto Andrea, Tobacman Jeremy, Weinberg Stephen The hyperbolic consumption model: calibration, simulation, and empirical evaluation. The Journal of Economic Perspectives 2001, 15:47-68.
3. Auerbach A.J., Kotlikoff L.J. Dynamic Fiscal Policy 1987, Cambridge University Press, New York, NY, USA.
4. Bucciol Alessandro The roles of temptation and social security in explaining individual behavior. University of Amsterdam Working Paper 2006.
5. Bucciol Alessandro Social security, self-control problems and unknown preference parameters. University of Amsterdam Working Paper 2008.
6. Bucciol, Alessandro. forthcoming. Measuring Self-Control Problems: a Structural Estimation. Journal of the European Economic Association.
7. Conesa J.C., Kitao S., Krueger D. Taxing capital? Not a bad idea after all!. American Economic Review 2009, 99:25-48.
8. DeJong D.N., Ripoll M. Do self-control preferences help explain the puzzling behavior of asset prices?. Journal of Monetary Economics 2007, 54:1035-1050.
9. DeNardi M., Imrohoroglu S., Sargent T. Projected U.S. demographics and social security. Review of Economic Dynamics 1999, 2:575-615.
10. Diamond P.A. National debt in a neoclassical growth model. American Economic Review 1965, 55:1126-1150.
11. Diamond P.A., Orszag P.R. Saving social security. Journal of Economic Perspectives 2005, 19:11-32.
12. Diamond P.A., Brown J., Thomas D. Annuities and individual welfare. American Economic Review 2005, 95:1573-1590.
13. Fang Hanming, Silverman Dan Time-inconsistency and welfare program participation: evidence from the NLSY. International Economic Review 2009, 50:1043-1077.
14. Fehr H., Kindermann F. Pension funding and individual accounts in economies with life-cyclers and myopes. Working Paper 2009.
15. Fehr Hans, Habermann Christian, Kindermann Fabian Social security with rational and hyperbolic consumers. Review of Economic Dynamics 2008, 11(4):884-903.
16. Feldstein M., Liebman J.B. Social security. Handbook of Public Economics 2002, Elsevier Science B. V, New York, NY, USA. A.J. Auerbach, M. Feldstein (Eds.).
17. Feldstein Martin The optimal level of social security benefits. The Quarterly Journal of Economics 1985, 100:303-320.
18. Frederick S., Loewenstein G., O'Donoughe T. Time discounting and time preference: a critical review. Journal of Economic Literature 2002, 40:351-401.
19. Fuster L., Imrohoroglu A., Imrohoroglu S. A welfare analysis of social security in a dynastic framework. International Economic Review 2003, 44:1247-1274.
20. Fuster L., Imrohoroglu A., Imrohoroglu S. Personal security accounts and mandatory annuitization in a dynastic framework. Working Paper 2005.
21. Gruber J., Koszegi B. Is addiction rational? Theory and evidence. Quarterly Journal of Economics 2001, 116:1261-1303.
22. Gul F., Pesendorfer W. Self control and theory of consumption. Econometrica 2004, 72:119-158.
23. Hansen G. The cyclical and secular behavior of the labor input: comparing efficiency units and hours worked. Journal of Applied Econometrics 1993, 8:71-80.
24. Huang Kevin X.D., Liu Zheng, Zhu John Q. Temptation and self-control: some evidence and applications. Working Paper 2007.
25. Hubbard R.G., Judd K. Social security and individual welfare. American Economic Review 1987, 77:630-646.
26. Hugget M., Ventura G. On the distributional effects of social security reform. Review of Economic Dynamics 1999, 2:498-531.
27. Imrohoroglu A., Imrohoroglu S., Joines D.H. A life cycle analysis of social security. Economic Theory 1995, 6:83-114.
28. Imrohoroglu A., Imrohoroglu S., Joines D.H. Time inconsistent preferences and social security. Quarterly Journal of Economics 2003, 118:745-784.
29. Imrohoroglu Ayse, Imrohoroglu Selahattin, Joines Douglas H. The effect of tax-favored retirement accounts on capital accumulation. The American Economic Review 1998, 88:749-768.
30. Krusell Per, Smith Anthony A. Consumption-savings decisions with quasi-geometric discounting. Econometrica 2003, 71:365-375.
31. Kumru C.S., Thanopoulos A.C. Social security and self control preferences. Journal of Economic Dynamics and Control 2008, 32:757-778.
32. Laibson D. Hyperbolic discounting and golden eggs. Quarterly Journal of Economics 1997, 112:443-477.
33. Laibson David I., Repetto Andrea, Tobacman Jeremy, Hall Robert E., Gale William G., Akerlof George A. Self-control and saving for retirement. Brookings Papers on Economic Activity 1998, 1:91-196.
34. Phelps E.S., Pollak R.A. On second-best national savings and game-equilibrium growth. Review of Economic Studies 1968, 35:185-199.
35. Rojas J.A., Urrutia C. Social security reform with uninsurable income risk and endogenous borrowing constraints. Review of Economic Dynamics 2008, 11:83-103.
36. Storesletten K., Telmer C.I., Yaron A. The risk sharing implications of alternative social security arrangements. Carnegie-Rochester Conference Series on Public Policy 1999, 213-259.
37. Strotz R.H. Myopia and inconsistency in dynamic utility maximization. Review of Economic Studies 1956, 23:165-180.
38. the US Census Bureau Mini historical statistics: population http://www.census.gov.
39. the US Department of Labor Labor force statistics from current population survey http://www.bls.gov.
40. the US Social Security Administration Fast facts and figures about social security http://www.ssa.gov.