NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Cost of Uncertainty about the Timing of Social Security Reform

Frank N. Caliendo, Aspen Gorry, Sita Slavov

NBER Working Paper No. 21585
Issued in September 2015

---- Acknowledgments ----

We thank Shantanu Bagchi, Jaroslav Borovička, Peter Bossaerts, Thorsten Drautzburg, Eric Fisher, Jim Feigenbaum, Carlos Garriga, Nick Guo, Tim Kehoe, Sagiri Kitao, David Laibson, Lee Lockwood, Ezra Oberfield, Jorge Alonso Ortiz, Will Peterman, Kerk Phillips, Andrew Samwick, Jennifer Ward Batts, Jackie Zhou, and seminar audiences at ITAM, UConn, Midwest Macro at Minnesota, Utah State University, BYU-USU Macro Workshop, University of Nevada Reno, CUNY Hunter College, WEAI conference, QSPS workshop, Second Annual Macroeconomics and Business CYCLE Conference in Santa Barbara, Stanford Institute for Theoretical Economics, Econometric Society World Congress in Montreal, and Montana State University for helpful comments and suggestions. 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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