Ghilarducci, Teresa; Saad-Lessler, Joelle; Fisher, Eloy - Bernard Schwartz Center for Economic Policy Analysis … - 2011
This study assesses the role of Social Security (OASI) and Social Security Disability Insurance, 401(k) plans, unemployment insurance, Medicare, and the federal income tax system in moderating the business cycle in the United States. Using Instrumental Variable (IV) estimation, we demonstrate...