The Excess Burden of Government Indecision

Francisco J. Gomes, Laurence J. Kotlikoff, Luis M. Viceira

NBER Working Paper No. 12859
Issued in January 2007

---- Acknowledgements -----

Gomes: London Business School and CEPR. Email: fgomes@london.edu. Kotlikoff: Boston University and NBER. Email:kotlikof@bu.edu. Viceira: Harvard Business School, Boston MA 02163, CEPR and NBER. Email: lviceira@hbs.edu. We thank the Social Security Administration for research support. All views expressed and mistakes made are entirely our own.Viceira also thanks the Division of Research at HBS for generous financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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