TY  - JOUR
AU  - Dominitz,Jeff
AU  - Manski,Charles F.
AU  - Heinz,Jordan
TI  - Social Security Expectations and Retirement Savings Decisions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8718
PY  - 2002
Y2  - January 2002
UR  - http://www.nber.org/papers/w8718
L1  - http://www.nber.org/papers/w8718.pdf
N1  - Author contact info:
Jeff Dominitz

Charles F. Manski
Department of Economics
Northwestern University
2001 Sheridan Road
Evanston, IL  60208
Tel: 847/491-8223
Fax: 847/491-7001
E-Mail: cfmanski@northwestern.edu
AB  - Retirement savings decisions should depend on expectations of Social Security retirement income. Persons may be uncertain of their future Social Security benefits for several reasons, including uncertainty about their future labor earnings, the formula now determining social security benefits, and the future structure of the Social Security system. To learn how Americans perceive their benefits, we have elicited Social Security expectations from respondents to the Survey of Economic Expectations. We have also performed a more intensive face-to-face survey on a small sample of respondents. This paper presents the empirical findings. It also illustrates how data on expectations may help predict how Social Security policy affects retirement savings.
ER  -