This paper proposes that the decline in federal disability insurance (DI) screening stringency raises the incentive of being uninsured. To support it, we provide a theoretical model and empirical evidence. JEL classification: I13, I18, H31, H51, H55

The old-age security motive for fertility postulates that people’s needs support raise the demand children. We exploit extension of social pensions in Namibia during 1990s to provide a quasi-experimental quantification this widespread idea. reform eliminated inequalities pension coverage and benefits across regions ethnic groups. Combining differences pre-reform exposure cohorts, we show substa...

We examine how labor immigration affects public pensions under centralized wage setting. We show that immigration improves the sustainability of pay-as-you-go pensions if and only if total employment declines. This occurs if the labor demand elasticity exceeds the unemployment rate. JEL-Classification: F22, H55, J51

The paper evaluates the theoretical literature on public pension schemes. First, the terms pay-as-you-go and capital reserve are made precise. These two systems are then compared, followed by a consideration of their efficiency properties. Thereafter conversion policies are discussed. JEL-Classification: H21, H55

This study identifies the causal effect of pension generosity on women’s fertility behavior. It capitalizes Brazil’s expansion system to rural workers, whose wealth subsequently more than tripled. Difference-in-difference, instrumental variable, and event methods show that reform reduces propensity childbearing women fertile age by 8 percent in short run. Completed declines 1.3 children within ...

What is the relationship between disability programs and financial distress? We provide first evidence on this using several markers of distress: bankruptcy, foreclosure, eviction, home sale. Rates these adverse events peak around time application. Using variation induced by an age-based eligibility rule, we find that allowance reduces likelihood bankruptcy 20 percent, foreclosure 33 sale 15 pe...

This paper studies the large concentration of retirement behavior around statutory ages, a puzzling stylized fact. To investigate this fact, I estimate bunching responses to 644 pension benefit discontinuities, using administrative data on universe German retirees. Financial incentives alone cannot explain patterns, but there is direct effect ages. argue that framing ages as reference points fo...