2004
On the Potential for Pareto Improving Social Security Reform with Second-Best Taxes
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Welfare Reform and Immigrant Participation in the Supplemental Security Income Program
WP 2004-087 , UM02-C1
We examine the effect of the 1996 welfare reform legislation on participation in the Supplemental Security Income (SSI) program by immigrants. Although none of the immigrants on the SSI rolls before welfare reform lost eligibility, the potential exists for future…
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Grasshoppers, Ants and Pre-Retirement Wealth: A Test of Permanent Income Consumers
WP 2004-088 , UM04-S1
This paper shows that households who enter retirement with low wealth consistently followed non-permanent income consumption rules during their working years. Using the Panel Study of Income Dynamics (PSID), household wealth in 1989 is predicted for a sample of 50-65…
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Obesity, Disability and Movement Onto the Disability Insurance Rolls
WP 2004-089 , UM04-08
Between the early 1980s and 2002, both the prevalence of obesity and the number of beneficiaries of the Social Security Disability Insurance program doubled. We test whether these trends are related; specifically, we test whether obesity causes disability and movement…
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The Social Security Retirement Earnings Test, Retirement and Benefit Claiming
WP 2004-090 , UM04-01
This paper introduces the age at which Social Security benefits are claimed as an additional outcome in a structural model of retirement and wealth. The model is then used to simulate the effects of abolishing the remainder of the Social…
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Using a Structural Retirement Model to Simulate the Effects of Changes to the OASDI and Medicare Programs
WP 2004-091 , UM04-06
In this paper, we specify a dynamic programming model that addresses the interplay among health, financial resources, and the labor market behavior of men in the later part of their working lives. The model is estimated using data from the…
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Correcting Second Home Equity in HRS/AHEAD: The Issues, a Method, and Some Preliminary Results
WP 2004-081
Second home equity is an important component of both housing equity and net worth for the old population. It has been covered, implicitly or explicitly, across all waves of HRS and AHEAD surveys. The negative impact of the inconsistent treatment…
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