Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:40:01am WEST
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Daily Overview |
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G04: Redistribution, Lifespans, and Social Security Wealth Location: Room 104 (Francesinhas 1) | |
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Early Access to Social Security Wealth: A Welfare Analysis 1: Loyola Marymount University, United States of America; 2: Reed College, United States of America This paper studies a reform to Social Security that provides a universal lump-sum transfer early in life in exchange for an actuarially fair reduction in retirement benefits. The policy reshapes saving and consumption profiles, with potentially large effects for credit-constrained households. Using survey data, we document persistent disparities in credit access by income and race. We then evaluate the reform in a quantitative overlapping-generations life-cycle model with incomplete markets and heterogeneity by race and education. A $40,000 transfer at age 25 generates welfare gains for all groups, equivalent to a 1.0–2.6 percent increase in lifetime consumption. Gains arise from improved consumption smoothing and lower borrowing costs and decline when the transfer is delayed. Means-tested programs, differential mortality, and bequest motives affect magnitudes but not the direction of welfare effects. Overall, reallocating Social Security wealth earlier in life improves welfare without raising government spending
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