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Part 1: Document Description
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Citation |
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Title: |
Replication data for: Systematic Bias and Nontransparency in US Social Security Administration Forecasts |
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Identification Number: |
doi:10.7910/DVN/28122 |
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Distributor: |
Harvard Dataverse |
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Date of Distribution: |
2015-05-08 |
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Version: |
1 |
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Bibliographic Citation: |
Kashin, Konstantin; King, Gary; Soneji, Samir, 2015, "Replication data for: Systematic Bias and Nontransparency in US Social Security Administration Forecasts", https://doi.org/10.7910/DVN/28122, Harvard Dataverse, V1, UNF:5:1oerGFXQ0Bu9bcMFU5/t2A== [fileUNF] |
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Citation |
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Title: |
Replication data for: Systematic Bias and Nontransparency in US Social Security Administration Forecasts |
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Identification Number: |
doi:10.7910/DVN/28122 |
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Authoring Entity: |
Kashin, Konstantin |
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King, Gary (Harvard University) |
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Soneji, Samir (Harvard University) |
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Distributor: |
Harvard Dataverse |
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Distributor: |
Harvard Dataverse |
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Date of Deposit: |
2014-12-10 |
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Holdings Information: |
https://doi.org/10.7910/DVN/28122 |
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Study Scope |
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Keywords: |
Social Sciences |
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Abstract: |
We offer an evaluation of the Social Security Administration demographic and financial forecasts used to assess the long-term solvency of the Social Security Trust Funds. This same forecasting methodology is also used in evaluating policy proposals put forward by Congress to modify the Social Security program. Ours is the first evaluation to compare the SSA forecasts with observed truth; for example, we compare forecasts made in the 1980s, 1990s, and 2000s with outcomes that are now available. We find that Social Security Administration forecasting errors—as evaluated by how accurate the forecasts turned out to be—were approximately unbiased until 2000 and then became systematically biased afterward, and increasingly so over time. Also, most of the forecasting errors since 2000 are in the same direction, consistently misleading users of the forecasts to conclude that the Social Security Trust Funds are in better financial shape than turns out to be the case. Finally, the Social Security Administration's informal uncertainty intervals appear to have become increasingly inaccurate since 2000. At present, the Office of the Chief Actuary, at the Social Security Administration, does not reveal in full how its forecasts are made. Every future Trustees Report, without exception, should include a routine evaluation of all prior forecasts, and a discussion of what forecasting mistakes were made, what was learned from the mistakes, and what actions might be taken to improve forecasts going forward. And the Social Security Administration and its Office of the Chief Actuary should follow best practices in academia and many other parts of government and make their forecasting procedures public and replicable, and should calculate and report calibrated uncertainty intervals for all forecasts. <br /><br /> See also: <a href="http://gking.harvard.edu/ssa" target="_blank">Evaluating U.S. Social Security Administration Forecasts,</a> <a href="http://gking.harvard.edu/category/research-interests/applications/mortality-studies" target="_blank">Mortality Studies</a> |
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Methodology and Processing |
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Sources Statement |
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Data Access |
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Notes: |
This dataset is made available without information on how it can be used. You should communicate with the Contact(s) specified before use. |
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Other Study Description Materials |
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Related Publications |
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Citation |
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Title: |
Kashin, Konstantin, King, Gary, and Soneji, Samir. 2015. “Systematic Bias and Nontransparency in Us Social Security Administration Forecasts.” Journal of Economic Perspectives 29 (2). <a href="http://j.mp/1ITZ6Mw" target="_blank">Link to article</a> |
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Bibliographic Citation: |
Kashin, Konstantin, King, Gary, and Soneji, Samir. 2015. “Systematic Bias and Nontransparency in Us Social Security Administration Forecasts.” Journal of Economic Perspectives 29 (2). <a href="http://j.mp/1ITZ6Mw" target="_blank">Link to article</a> |
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File Description--f2510044 |
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File: demog_loess_boot.tab |
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Notes: |
UNF:5:BUbCBvoYzy1PWQh6FET4HA== |
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Table with confidence intervals around the LOESS lines fit in Figures 4 and 15 of analysis.pdf. Calculated using loess_boot.R. |
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File Description--f2510052 |
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File: demog_loess_ssa_boot.tab |
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Notes: |
UNF:5:ink4zPhaFjZEy72/wes5fA== |
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Table with confidence intervals around the LOESS lines fit in Figures 13 and 16 of analysis.pdf. Calculated using loess_boot.R. |
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File Description--f2510040 |
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File: ex_ssa.tab |
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Notes: |
UNF:5:TY7JqJrD4cVZHLSqIX7Tpg== |
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SSA's forecasts of life expectancy. |
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File Description--f2510050 |
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File: hmd_fltper_1x1.tab |
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Notes: |
UNF:5:V5SPWleyqd+FvWZUGTyDtA== |
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Raw period life table for females from Human Mortality Database. |
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File Description--f2510039 |
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File: hmd_mltper_1x1.tab |
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Notes: |
UNF:5:8aS38ziyhsrIMqIHBzYlHw== |
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Raw period life table for males from Human Mortality Database. |
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File Description--f2510045 |
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File: hmd_population.tab |
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Notes: |
UNF:5:v2GsOe7ODO58F0bXJyos3A== |
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Raw population counts from Human Mortality Database. |
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File Description--f2510046 |
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File: obs_ex.tab |
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Notes: |
UNF:5:M3JA9Xo1LKmNl2zR7cCSyA== |
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Observed life expectancy at birth and at age 65 for males and females from HMD and SSA. |
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File Description--f2510051 |
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File: obs_tfr.tab |
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Notes: |
UNF:5:5k5m7AEUbrvSSIU31Y9r6g== |
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Observed total fertility rate (TFR) from HFD and SSA. |
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File Description--f2510053 |
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File: ssa_expend.tab |
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Notes: |
UNF:5:oXE14XwJQ1xMaKapGmcZGA== |
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Observed SSA expenditures from 2000-2013. |
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File Description--f2510041 |
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File: ssa_expend_forecasts.tab |
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Notes: |
UNF:5:xzcmvZS9bZolGGSZIyM9jg== |
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Forecasts of SSA OASDI expenditures from 2000-2013. |
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File Description--f2546912 |
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File: ssa_finance.tab |
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Notes: |
UNF:5:sJKjM+mU6OznMRVbQPsaRg== |
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SSA's forecasts of finances. |
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File Description--f2546918 |
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File: ssa_immigration.tab |
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Notes: |
UNF:5:f95HleuL2vWTlQbW7IlBcw== |
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SSA's forecasts of legal migration. |
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File Description--f2510043 |
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File: tfr_ssa.tab |
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Notes: |
UNF:5:4JCdoXILpSjSs3yt88eoug== |
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SSA's forecasts of total fertility rate. |
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File Description--f2510047 |
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File: tf_balance_pred.tab |
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Notes: |
UNF:5:sJKjM+mU6OznMRVbQPsaRg== |
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SSA's forecasts of the income rate, cost rate, and balance of trust fund. |
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File Description--f2510049 |
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File: tf_ratio_pred.tab |
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Notes: |
UNF:5:vc3TLVH16pR+Q/XpHUmEJA== |
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SSA's forecasts of the trust fund ratio. |
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File Description--f2510054 |
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File: unexpect_benif.tab |
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Notes: |
UNF:5:JM9yfkt/hsIZa8pyCPGaVw== |
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Estimated number of unanticipated OASI beneficiaries for a given Trustees Report and projection year from 2000-2010. Calculated using unexpect_benif.R. |
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List of Variables: |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:dNqhteNINwdYdaXqQF4cag== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:tWxcQgstqDMFFa7hnN1SMw== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:6qPAWxXNNF9gibaDStCHkw== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:FYKz9hqZvGWfJwLfZwYErA== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:8B310cEeX3+xsye54OptUg== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:wdDXd0v15JW7A+ESo5bduA== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:AalZYY08kj00S4C3BqhJHA== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:32GHUi1LSa+DRVASWuo/HA== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:94UxjVPhAXOkcVYESddebg== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:82mR6eMff2b4Jxf8lhz0JQ== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:G0U/ZWyRhDZLJjIHmr40qQ== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:WP5NgXm7zFCXT3lYM1g1vQ== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:iny6U/0uEUki0JghuB5C4g== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:m2KcaG5TJwFJ7M62QBBNug== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:oMCxmV+3II0aDuLvdpwaOg== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:ftVBwZHDARli4AqfMLlteg== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:/wtAy79jthKJGz+1f5eSXA== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:wKiWpXwafO3W/hisJ/fGzw== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:EvfonWxKCDvFKv9GKUMkZg== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:CuBLzZIB+idf2f/3gWCTcQ== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:1A5ngD9ihBDeQs6GtSX2qQ== |
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f2546912 Location: |
Variable Format: numeric Notes: UNF:5:JRmZymF43653ebWjhfvaJQ== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:dOr5sk3Eka8yKzlD0hkKuw== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:1AcSMhF2gHrkN2KhhMv9GA== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:yGEIId/0nTO11xkGIJPLxw== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:Ig+G2XSOUKKWBgqcSWgQIQ== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:uCa8AqqDUJ/kHKqr/nE2JQ== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:8iPHwHp3tIu2ZjhByfh9Aw== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:HF72Wf8HdPpEH3M25bqSUA== |
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f2546918 Location: |
Variable Format: numeric Notes: UNF:5:arhGw0WasDC2MMvhLuGZyA== |
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f2510043 Location: |
Variable Format: numeric Notes: UNF:5:Eysyi6GMBwIcxCyhzjOcZQ== |
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f2510043 Location: |
Variable Format: numeric Notes: UNF:5:4WDxIQyqEeRX4HVlPwPeJg== |
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f2510043 Location: |
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f2510043 Location: |
Variable Format: numeric Notes: UNF:5:/UPDIy/MzMv1+acn9RQ7cQ== |
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Variable Format: numeric Notes: UNF:5:clzmj/Z9ixv+Ge4B7WybSw== |
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Variable Format: numeric Notes: UNF:5:H8YwHbKzCstn8ardmRUswg== |
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Variable Format: numeric Notes: UNF:5:KfLdUqoqciOl8OxeIr7fvg== |
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Variable Format: numeric Notes: UNF:5:clzmj/Z9ixv+Ge4B7WybSw== |
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Variable Format: numeric Notes: UNF:5:80qESdZ+vLsCGHALb24m3w== |
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Variable Format: numeric Notes: UNF:5:VsG9Cqa2dxUdqvp8LsYnXg== |
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Variable Format: numeric Notes: UNF:5:0TBwoCjVqwLU+Q7LtZyXuA== |
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Variable Format: numeric Notes: UNF:5:PGusHaQ/QCB6wdaEcsH+NQ== |
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Variable Format: numeric Notes: UNF:5:dNqhteNINwdYdaXqQF4cag== |
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Variable Format: numeric Notes: UNF:5:6qPAWxXNNF9gibaDStCHkw== |
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Variable Format: numeric Notes: UNF:5:32GHUi1LSa+DRVASWuo/HA== |
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Variable Format: numeric Notes: UNF:5:82mR6eMff2b4Jxf8lhz0JQ== |
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Variable Format: numeric Notes: UNF:5:KirYsiKJBOQYb5vcvrMEyw== |
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Variable Format: numeric Notes: UNF:5:4IwprsKS53FYTnkZOTV36Q== |
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Variable Format: numeric Notes: UNF:5:f4HDQDoLLAvXld6Iz8nPvg== |
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Variable Format: numeric Notes: UNF:5:UtK4cSYTCk++ei4vLzafww== |
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Label: |
analysis.pdf |
||||||||||||||||||||||||
Text: |
Replication of figures. |
||||||||||||||||||||||||
Notes: |
application/pdf |
||||||||||||||||||||||||
Label: |
analysis.Rnw |
||||||||||||||||||||||||
Text: |
Sweave file that can be compiled using the knitr package in R. knitr runs the R code, outputs the figures into a figures subdirectory, and creates the analysis.tex file. |
||||||||||||||||||||||||
Notes: |
text/plain; charset=US-ASCII |
||||||||||||||||||||||||
Label: |
analysis_appendix.pdf |
||||||||||||||||||||||||
Text: |
Replication of figures in online Appendix. |
||||||||||||||||||||||||
Notes: |
application/pdf |
||||||||||||||||||||||||
Label: |
analysis_appendix.Rnw |
||||||||||||||||||||||||
Text: |
Sweave file that can be compiled using the knitr package in R. knitr runs the R code, outputs the figures into a figures subdirectory, and creates the analysis_appendix.tex file. |
||||||||||||||||||||||||
Notes: |
text/plain; charset=US-ASCII |
||||||||||||||||||||||||
Label: |
KKS_JEP2015.zip |
||||||||||||||||||||||||
Text: |
Full replication archive. Download this to run makefile, which runs knitr on analysis.Rnw and compiles analysis.pdf. Also replicates Appendix. |
||||||||||||||||||||||||
Notes: |
application/zip |
||||||||||||||||||||||||
Label: |
loess_boot.R |
||||||||||||||||||||||||
Text: |
Script that calculates LOESS confidence intervals for Figures 4, 13, 15, and 16 of analysis.pdf. |
||||||||||||||||||||||||
Notes: |
text/plain; charset=US-ASCII |
||||||||||||||||||||||||
Label: |
Makefile |
||||||||||||||||||||||||
Text: |
Makefile that controls workflow for analysis. |
||||||||||||||||||||||||
Notes: |
text/plain; charset=US-ASCII |
||||||||||||||||||||||||
Label: |
README.pdf |
||||||||||||||||||||||||
Text: |
Readme file. |
||||||||||||||||||||||||
Notes: |
application/pdf |
||||||||||||||||||||||||
Label: |
unexpect_benif.R |
||||||||||||||||||||||||
Text: |
Script that estimates unexpected beneficiaries. |
||||||||||||||||||||||||
Notes: |
text/plain; charset=US-ASCII |