Peterman, William B.; Sommer, Kamila - Federal Reserve Board (Board of Governors of the … - 2014
This paper quantifies the welfare implications of the U.S. Social Security program during the Great Recession. We find … an economy with Social Security relative to an economy without a Social Security program. Moreover, Social Security is … find any specific age, income, wealth or ability group for which Social Security substantially exacerbates the welfare …