1,633 research outputs found

    Consumption, Retirement, and Social Security: Evaluating the Efficiency of Reform with a Life-Cycle Model

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    This paper analyzes the effect of a potential reform to the Social Security system on individuals’ retirement and consumption choices. We first estimate the coefficients for a life-cycle model. We assume intratemporally nonseparable preference orderings and endogenous retirement. Our framework allows the possibility of disability. The specification predicts a change in consumption at retirement; we use the empirical magnitude of the change, together with desired retirement age, to identify key parameters such as the curvature of the utility function. We then qualitatively and quantitatively study the possible long-run effect of a Social Security reform in which individuals no longer face the OASI payroll tax after some specified age, and their subsequent earnings have no bearing on their Social Security benefits. Simulations indicate that retirement ages would rise by as much as one year, equivalent variations could average 5000(1984dollars)perhouseholdormore,andreformcouldgenerate5000 (1984 dollars) per household or more, and reform could generate 2500 or more additional income tax revenue per household.

    Cognitive Ability and Retiree Health Care Expenditure

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    Prior research indicates that retirees with less cognitive ability are at greater financial risk because they have lower incomes yet higher medical expenditures. Linking HRS data to administrative records, we evaluate two hypotheses about why this group spends more on health: (1) they are in worse health; (2) they receive more expensive or less effective care for the same conditions. We find that the bulk, but not all, of the cross-sectional relationship can be attributed to the poorer health of those with lower cognitive functioning. Much of this relationship appears to be driven by coincident declines in cognitive ability and health. While, in this respect, the data have important limitations, we find no evidence of substantial differences in care, conditional on observable health.

    How the use of language shapes which Islamic groupsWesterners support

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    The US faces a complicated foreign policy environment in the Middle East, with a number of Muslim groups and actors involved, some seeing US support, some working in opposition. In new research, Mujtaba Isani and Daniel Silverman examine how Islamic cues influence the opinion of those in the West towards such groups. They find that such cues – for example, Shari’a law being a policy goal – do matter, and that the degree to which is heavily influenced by citizens’ partisanship

    StateSim: Lessons Learned from 20 Years of A Country Modeling and Simulation Toolset

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    A holy grail for military, diplomatic, and intelligence analysis is a valid set of software agent models that act as the desired ethno-political factions so that one can test the effects of alternative courses of action in different countries. This article explains StateSim, a country modeling approach that synthesizes best-of-breed theories from across the social sciences and that has helped numerous organizations over 20 years to study insurgents, gray zone actors, and other societal instabilities. The country modeling literature is summarized (Sect 1.1) and synthetic inquiry is contrasted with scientific inquiry (Sect. 1.2 and 2). Section 2 also explains many fielded StateSim applications and 100s of past acceptability tests and validity assessments. Section 3 then describes how users now construct and run ‘first pass’ country models within hours due to the StateSim Generator, while Section 4 offers two country analyses that illustrate this approach. The conclusions explain lessons learned

    Voiceless Nasals in Auditory Phonology

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    Proceedings of the Twenty-Second Annual Meeting of the Berkeley Linguistics Society: General Session and Parasession on The Role of Learnability in Grammatical Theory (1996
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