NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2001

Social Security Working Group

Joint with Aging and Public Economics

Jeffrey Liebman and Andrew Samwick, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

August 1, 2001

PRELIMINARY PROGRAM

WEDNESDAY, AUGUST 1:

8:00 AM Coffee and Doughnuts

8:30 AM JONATHAN GRUBER, MIT and NBER

PETER ORSZAG, Sebago Associates

Does the Social Security Earnings Test Affect Labor

Supply And Benefits Receipt?

9:30 AM DAVID AUTOR, MIT and nber

MARK DUGGAN, University of Chicago and NBER

The Rise in Disability Recipiency and the Decline in Unemployment

10:30 AM Break

11:00 AM PETER DIAMOND, MIT and NBER

Incomplete Markets and Social Security

12:00 PM Lunch

1:00 PM KENT SMETTERS, University of Pennsylvania and NBER

The Equivalence of the Social Security's Trust Fund

Portfolio Allocation and Capital Income Tax Policy

2:00 PM Break

2:30 PM DOUGLAS ELMENDORF and LOUISE SHEINER, Federal Reserve Board

Should America Save for its Old Age? Population Aging, National Saving, and Fiscal Policy

3:30 PM LAURENCE KOTLIKOFF, Boston University and NBER

KENT SMETTERS, University of Pennsylvania and NBER

JAN WALLISER, International Monetary Fund

Finding a Way Out of America's Demographic Dilemma

4:30 PM Adjourn

5/24/01