NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Market Inefficiency and Household Labor Supply: Evidence from Social Security's Survivors Benefits

Itzik Fadlon, Shanthi P. Ramnath, Patricia K. Tong

NBER Working Paper No. 25586
Issued in February 2019, Revised in June 2019

---- Acknowledgments ----

Previously circulated as "Household Responses to Transfers and Liquidity: Evidence from Social Security’s Survivors Benefits." This research was supported by the U.S. Social Security Administration through grant #RRC08098400-09 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, the U.S. Department of the Treasury, RAND Corporation, any agency of the Federal government, or the NBER. We thank Julie Cullen, Gordon Dahl, Alex Gelber, Jon Gruber, Henrik Kleven, Amy Finkelstein, Nathan Hendren, Erzo Luttmer, Karthik Muralidharan, Petra Persson, Tommaso Porzio, Kaspar Wüthrich, and seminar participants at UCSD, Middlebury College, MIT, University of Michigan, the OTA Workshop, the 2018 NBER Summer Institute, the 2018 NTA Annual Meeting, NBER Public Economics Meeting (Fall 2018), the 2018 Retirement Research Consortium Annual Meeting, the 2018 All-California Labor Economics Annual Meeting, and the ASU Annual Empirical Microeconomics Conference for helpful comments and discussions. Jonathan Leganza provided excellent research assistance.

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