The Distributional Aspects of Social Security and Social Security Reform

The Distributional Aspects of Social Security and Social Security Reform PDF Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241890
Category : Political Science
Languages : en
Pages : 481

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Book Description
Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging from reductions in future benefits to a rise in taxrevenue to various forms of investment-based personal retirement accounts. As this volume suggests, the distributional consequences of these proposals are substantially different and may disproportionately affect those groups who depend on social security to avoid poverty in old age. Together, these studies persuasively show that appropriately designed investment-based social security reforms can effectively reduce the long-term burden of an aging society on future taxpayers, increase the expected future income of retirees, and mitigate poverty rates among the elderly.

The Distributional Aspects of Social Security and Social Security Reform

The Distributional Aspects of Social Security and Social Security Reform PDF Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241890
Category : Political Science
Languages : en
Pages : 481

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Book Description
Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging from reductions in future benefits to a rise in taxrevenue to various forms of investment-based personal retirement accounts. As this volume suggests, the distributional consequences of these proposals are substantially different and may disproportionately affect those groups who depend on social security to avoid poverty in old age. Together, these studies persuasively show that appropriately designed investment-based social security reforms can effectively reduce the long-term burden of an aging society on future taxpayers, increase the expected future income of retirees, and mitigate poverty rates among the elderly.

Reforming Social Security

Reforming Social Security PDF Author: David W. Rasmussen
Publisher:
ISBN:
Category :
Languages : en
Pages : 19

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Book Description
Objective: This article examines the role Social Security plays in alleviating poverty among retirees in the context of threats to its solvency. Method: Examining long-term employment trends, declining access to defined benefit pensions and saving behavior can determine if in the more future Social Security beneficiaries are likely to be poor. Results: Labor market trends driven by technical change, global competition and increasing demand for services indicate that more future retirees will have lower life-time earnings that yield lower social security benefits and reduced saving for retirement. Coupled with a significant decline in defined benefit plans, older Americans are more likely to face more financial hardship after they can no longer work.Conclusion: Poverty among retirees will rise unless social security benefits for low-income retiree are increased. Cutting benefits for high-income retirees can erode political support for Social Security, suggesting that general revenue is the best source of funding to combat poverty among older Americans. Taxing wealth is a possible source of revenue.

A Challenge to Social Security

A Challenge to Social Security PDF Author: Richard V. Burkhauser
Publisher: Elsevier
ISBN: 1483261263
Category : Business & Economics
Languages : en
Pages : 299

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Book Description
A Challenge to Social Security: The Changing Roles of Women and Men in American Society is a collection of papers that deals with social security reform. The papers concern insurance and pure income transfer aspects of various proposals and the assumptions regarding the family and work behavior found in each proposal. The proposed reforms attempt to fix the shortcomings of the Old Age, Survivors Insurance (OASI) Program, sometimes at the expense of reducing the subsidy for women who remain at home, or through alterations of the subsidy's nature. Other papers discuss the current spouse benefits under the dual entitlement rule; homemaker credits; child-care drop-out years; and one going against the grain, earnings sharing. One paper sees earning sharing as the only way to provide security to the homemaker without being unfair to the working wife. Other papers tackle the issues of women and a two-tier social security system; the double-decker alternative to eliminate dependency under social security; and the social security reform from a feminist's perspective. This collection can prove useful for economists, sociologists, political scientists, and policy makers involved in welfare and social security.

Social Security Reform

Social Security Reform PDF Author: Barbara D. Bovbjerg (ed)
Publisher: DIANE Publishing
ISBN: 9781422300510
Category : Social security
Languages : en
Pages : 110

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Book Description
The sooner our nation acts to address Social Security's long-term financial challenges, the easier it will be to successfully meet them. The choices are not difficult to understand, but they are difficult to make. They affect both how much Americans pay for Social Security & how much they receive from the program. They require changes that not only will affect us but have implications for future generations. This guide provides answers to questions about the most basic aspects of Social Security & reform issues in a concise & easy-to-understand format. It provides straightforward answers to how Social Security works, why it needs reform, what the basic options are, & how to assess their implications.

Saving Social Security

Saving Social Security PDF Author: Peter A. Diamond
Publisher: Rowman & Littlefield
ISBN: 0815797834
Category : Political Science
Languages : en
Pages : 322

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Book Description
New in Paperback. While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. Since the publication of the first edition of this book in 2004, the Social Security debate has moved to the center of the domestic policy agenda. In this updated edition of Saving Social Security, the authors analyze the Bush Administration's proposal for individual accounts and discuss the so-called "price indexing" proposal to restore long-term solvency through changing how initial benefits would be calculated. Soc ial Security is essis essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives. "An honest, transparent and comprehensive approach to making the much needed reforms to the Social Security program."—Journal of Pensions, Economics, and Finance "Very accessible presentation of facts, analysis of underlying problems, comparison of opinions, and argument for proposed reforms."—Future Survey Exhaustively researched and deeply entrenched in practical issues and mathematical calculations... a highly recommended ray of hope against a looming national crisis." —Wisconsin Bookwatch "Diamond and Orszag bring some welcome realism and decency to the debate."—Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology, Nobel Laureate in Economics

Social Security Reform

Social Security Reform PDF Author: Peter A. Diamond
Publisher: OUP Oxford
ISBN: 9780199247899
Category : Business & Economics
Languages : en
Pages : 120

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Book Description
Also considered are the risks in the political process."--BOOK JACKET.

Retooling Social Security for the 21st Century

Retooling Social Security for the 21st Century PDF Author: C. Eugene Steuerle
Publisher: The Urban Insitute
ISBN: 9780877666028
Category : Political Science
Languages : en
Pages : 358

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Book Description
Study of the Social Security debate arguing that Social Security needs reform and offering a blueprint for implementing them to meet today's and tomorrow's needs.

Fighting Poverty

Fighting Poverty PDF Author: University of Wisconsin--Madison. Institute for Research on Poverty
Publisher: Cambridge, Mass. : Harvard University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 440

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Book Description
Essays examine antipoverty policies of the last twenty years and discuss welfare, health care for the poor, job training, education programs, family structure, and civil rights.

Fighting Poverty and Reforming Social Security

Fighting Poverty and Reforming Social Security PDF Author: Michael J. G. Cain
Publisher: Woodrow Wilson International Center for Scholars
ISBN:
Category : Democracy
Languages : en
Pages : 238

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Book Description


Report of the National Commission on Social Security Reform

Report of the National Commission on Social Security Reform PDF Author: United States. National Commission on Social Security Reform
Publisher:
ISBN:
Category : Disability insurance
Languages : en
Pages : 298

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Book Description