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The Joint Labor Supply Decision of Married Couples and the Social Security Pension System
by Shinichi Nishiyama
WP 2010-229
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- The overlapping-generations model that consists of heterogeneous married couples predicts that removing spousal and survivors benefits from the current OASI program would increase female market work hours by 4.3-4.9% and total output by 1.1-1.5% in the long run.
- If the increased tax revenue due to higher economic activity after the policy change was redistributed in a lump-sum manner, a phased-in cohort-by-cohort removal of spousal and survivors benefits would make all current and future age cohorts on average better off.
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