NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991

Christina D. Romer, David H. Romer

NBER Working Paper No. 20087
Issued in May 2014

---- Acknowledgments ----

We are grateful to John Leahy, Ricardo Reis, and seminar participants at Stanford University, the University of California, Berkeley, Northwestern University, the University of Michigan, and the National Bureau of Economic Research for helpful comments and suggestions, and to Dmitri Koustas and Paul Matsiras for research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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