This dissertation comprises three chapters. The first chapter estimates the crowd-out effect of Social Security on private retirement saving. In a quasi-experimental research design, I analyze the effect of the 1990 federal mandate of Social Security coverage for all state and local government employees who were not covered by an equivalent state pension. Using a sample of more than 12 million employer-employee observations on earnings and contributions to retirement plans, I find that Social Security coverage induces approximately 16% of those affected who had previously saved in private retirement plans to stop contributing. For those who continue contributing, Social Security coverage crowds out about 23% of pre-reform contributions.
| Identifer | oai:union.ndltd.org:harvard.edu/oai:dash.harvard.edu:1/12274313 |
| Date | 06 June 2014 |
| Creators | Zverina, Clara Monika |
| Contributors | Liebman, Jeffrey B., Chetty, Raj |
| Publisher | Harvard University |
| Source Sets | Harvard University |
| Language | en_US |
| Detected Language | English |
| Type | Thesis or Dissertation |
| Rights | open |
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