The Impact of Social Security Reform on the Financial Effectiveness of the Polish Social Security Administration (Zaklad Ubezpieczen Spolecznychor ZUS)

AbstractThis paper aims to analyze the effect on measured inequality and its structure of using administrative data instead of survey data. Different analyses are carried out based on the Spanish Survey on Income and Living Conditions (ECV) that continued to ask households for their income despite assigning their income data as provided by the Tax Agency and the Social Security Administration. Our main finding is that the largest discrepancies between administrative and survey data are in the tails of the distribution. In addition to that, there are clear differences in the level and structure of inequality across data sources. These differences matter, and our results should be a wake-up call to interpret the results based on only one source of income data with caution.

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Can Information Change Personal Retirement Savings? Evidence from Social Security Benefits Statement Mailings

AEA Papers and Proceedings ◽

10.1257/pandp.20181041 ◽

2018 ◽

Vol 108 ◽

pp. 93-97 ◽

Cited By ~ 2

Author(s):

Susan Payne Carter ◽

William Skimmyhorn

Keyword(s):

Social Security ◽

Retirement Savings ◽

Natural Experiments ◽

Social Security Administration ◽

Retirement Benefits ◽

Retirement Accounts ◽

The Us ◽

Social Security Benefits ◽

Information Change ◽

The Impact

Despite concern about the viability of public retirement programs and potential undersaving for retirement, we still know little about the impact of government provided information on individual behavior. We exploit plausibly exogenous variation in exposure to the world's largest personalized retirement benefits statement from the US Social Security Administration to evaluate the effects of information and encouragement on individual retirement savings decisions. Using three natural experiments between 2011 and 2014 and administrative data, we find no impact of the statements on individual retirement savings in their employer provided retirement accounts.

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The impact of social security reform on the labor market: The case of Colombia

Journal of Policy Modeling ◽

10.1016/j.jpolmod.2014.10.002 ◽

2014 ◽

Vol 36 (6) ◽

pp. 1118-1134 ◽

Cited By ~ 8

Author(s):

Jose Cuesta ◽

Mauricio Olivera

Keyword(s):

Labor Market ◽

Social Security ◽

Social Security Reform ◽

The Impact

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Using Nonlinear Budget Sets to Estimate Extensive Margin Responses: Method and Evidence from the Earnings Test

American Economic Journal Applied Economics ◽

10.1257/app.20180811 ◽

2021 ◽

Vol 13 (4) ◽

pp. 150-193

Author(s):

Alexander M. Gelber ◽

Damon Jones ◽

Daniel W. Sacks ◽

Jae Song

Keyword(s):

Social Security ◽

Older Workers ◽

Reduction Rate ◽

Extensive Margin ◽

Social Security Administration ◽

Percentage Point Increase ◽

Earnings Test ◽

Regression Kink Design ◽

Annual Earnings ◽

The Impact

We estimate the impact of the Social Security Annual Earnings Test (AET) on older workers’ employment. The AET reduces social security claimants’ current benefits in proportion to their earnings in excess of an exempt amount. Using a regression kink design and Social Security Administration data, we document that the discontinuous change in the benefit reduction rate at the exempt amount causes a corresponding change in the slope of the employment rate, suggesting that the extensive margin of labor supply is more sensitive to this policy than commonly thought. We develop a model and method that allow us to translate the behavioral responses into a lower bound estimate of 0.49 for the extensive margin elasticity, which implies more than a 1 percentage point increase in work in the absence of the AET. (JEL H55, J14, J22, J26, J31)

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