Research & Analysis by Peter A. Petri

Cohort-Specific Effects of Social Security Policy
ORES Working Paper No. 20 (released December 1980)
by Dean R. Leimer and Peter A. Petri

Social Security has sizable obligations to workers who contributed and made savings decisions in the anticipation of future benefits, and the assessment of future options must explicitly account for impacts on these as well as future participants. To this end, our paper develops cohort-specific, general-equilibrium comparisons of concrete policy alternatives.