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Replication data for: Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952-1991

Version
V0
Resource Type
Dataset
Creator
  • Romer, Christina D.
  • Romer, David H.
Publication Date
2016-01-01
Description
  • Abstract

    This paper uses Social Security benefit increases from 1952 to 1991 to investigate the macroeconomic effects of changes in transfers. It finds a large, immediate, and significant positive response of consumption to permanent benefit increases. The response declines after about five months, and does not appear to spread to industrial production or employment. The effects of transfers are faster, but much less persistent and much smaller overall, than those of tax changes. Finally, monetary policy responds strongly to benefit increases but not to tax changes. This may account for the failure of the effects of transfers to persist or spread.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20140348 (Text)
Publications
  • Romer, Christina D., and David H. Romer. “Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952–1991.” American Economic Journal: Macroeconomics 8, no. 4 (October 2016): 1–42. https://doi.org/10.1257/mac.20140348.
    • ID: 10.1257/mac.20140348 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Romer, Christina D.; Romer, David H. (2016): Replication data for: Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952-1991. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. http://doi.org/10.3886/E114107