It Sucks to Be Single! Marital Status and Redistribution of Social Security

Female labor supply as insurance against idiosyncratic risk

Max Groneck and Johanna Wallenius

The Economic Journal, 2021, vol. 131, issue 633, 327-371

Abstract: In this article, we study the labour supply effects and the redistributional consequences of the US social security system. We focus particularly on auxiliary benefits, where eligibility is linked to marital status. To this end, we develop a dynamic, structural life cycle model of singles and couples, featuring uncertain marital status and survival. We account for the socio-economic gradients to both marriage stability and life expectancy. We find that auxiliary benefits have a large depressing effect on married women’s employment. Moreover, we show that a revenue neutral minimum benefit scheme would moderately reduce inequality relative to the current US system.

Date: 2021
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: It Sucks to Be Single! Marital Status and Redistribution of Social Security (2019)
Working Paper: It Sucks to Be Single! Marital Status and Redistribution of Social Security (2017)
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