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This paper uses a heterogeneous-agent overlapping-generations model to examine the fiscal and distributional consequences of introducing a means test in US Social Security. I find that a means test, that is, conditioning benefit payments on a household's earnings or assets, leads to a higher...
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Intro -- Contents -- 1 - Introduction, by John A. Turner -- 2 - Wage and Job Risk for Workers, by John A. Turner -- 3 … - Risk in Employment Arrangements, by Sophie M. Korczyk -- 4 - Health and Coverage At Risk, by Robert B. Friedland, Laura …, Summer, Sophie M. Korczyk, and Douglass E. Hyatt -- 5 - Risk Sharing through Social Security Retirement Systems, by John A …
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