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Papers Containing Tag(s): 'Boston Research Data Center'

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  • Working Paper

    The Distributional Effects of an Investment-Based Social Security System

    April 2002

    Working Paper Number:

    CES-02-08

    In this paper we study the distributional impact of a change from the existing pay-as-you-go Social Security system to one that combines both pay-as-you-go and investment-based elements. Such a transition can avert the large tax increases that would otherwise be necessary to maintain the level of benefits promised under current law as life expectancy increases. According to the Social Security actuaries (Board of Trustees, 1999), retaining the existing pay-as-you-go system would eventually require raising the current 12.4 percent Social Security payroll tax rate to about 19 percent to maintain the current benefit rules or cutting benefits by more than one-third in order to avoid a tax increase. In contrast, previous research showed that adding an investment-based component with savings equal to two percent of covered earnings to the existing 12.4 percent pay-as-you-go system would be sufficient to maintain the benefits promised under current rules without any increase in tax rates (Feldstein and Samwick 1997, 1998a, 1998b).
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  • Working Paper

    Gross Job Flows and Firms

    November 1999

    Working Paper Number:

    CES-99-16

    This paper extends the work of Dunne, Roberts, and Samuelson (3) and Davis, Haltiwanger, and Schuh (2) on gross job flows among manufacturing plants. Gross job creation, destruction, and reallocation have been shown to be important in understanding the birth, growth, and death of plants, and the relation of plant life cycles to the business cycle. However, little is known about job flows between firms or how job flows among plants occur within firms (corporate restructuring). We use information on company organization from the Longitudinal Research database (LRD) to investigate the relationship between plant-level and firm-level job flows. We document: (1) the fraction of plant-level gross job flows occurring between firms; and (2) gross job flows by the extent of excess job reallocation occurring in firms.
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  • Working Paper

    Evaluation And Use Of The Pollution Abatement Costs And Expenditures Survey Micro Data

    January 1996

    Working Paper Number:

    CES-96-01

    The Pollution Abatement Costs and Expenditures Survey (PACE) is an annual survey of manufacturing establishment=s operating costs and capital investment expenditures for pollution abatement purposes. This paper provides a description and evaluation of the PACE micro data available at the Center for Economic Studies (CES). The paper provides an overview of the survey, how the sample is drawn, how the survey questionnaire has changed over time, an assessment of the data quality, and suggestions for the use of the data, as well as its limitations. Also included are suggestions for modifying the survey design and data processing procedures. The PACE data series, linked to the economic data in CES= Longitudinal Research Database (LRD), covers the years 1979-1993, excluding 1983 and 1987.
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