A Framework for Analyzing the Equity of the Social Security Benefit Structure PDF Download
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Author: Dean R. Leimer
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 100
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Book Description
Author: Dean R. Leimer
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 100
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Book Description
Author: Carol T. Friedman Bennett
Publisher:
ISBN:
Category : Social security
Languages : en
Pages : 1070
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Book Description
Author: Dean R. Leimer
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 90
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Book Description
Author:
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 210
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 67
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Book Description
When the social security program was established in the 1930s, less than 15 percent of married women held paying jobs outside the home; today, about 60 percent of married women are paid workers. Despite the movement of women into the labor market, the social security benefit structure has remained essentially unchanged over the years. The fairness of the benefit structure has come under increasing scrutiny, especially as it affects women who have earned benefits in their own right. For example, a two-earner couple will receive lower combined benefits in retirement than an identical one-earner couple. Also, a married woman who works and pays social security taxes might not, because of the dual entitlement limitation, receive higher benefits than if she had never worked and received only a spousal benefit. Several proposals seek to remedy these inequities. These include two broad proposals--"earnings sharing" and a "double-decker" plan--and several more-narrow proposals, such as reducing spousal benefits. None of the measures has been adopted, however, partly because they would either boost program costs or reduce benefits for some beneficiaries. Their enactment could also impose a large administrative burden on the Social Security Administration.
Author: Richard V. Burkhauser
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 312
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Book Description
A Challenge to Social Security.
Author: Dean R. Leimer
Publisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 100
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Book Description
Author: Victor Lee Whiteman
Publisher: Addison-Wesley Longman
ISBN:
Category : Juvenile Nonfiction
Languages : en
Pages : 168
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Book Description
This text provides readers with an understanding of the structure and impact of the Social Security program on clients and society. This text discusses the Social Security program's history, characteristics, finances, provisions, and future prospects. It describes the Social Security and Medicare programs' benefits, eligibility requirements, and application processes. It assesses the impact of the Social Security program on family structure and family life and on the poor in society; it also considers unequal treatment of women and the poor. The book provides a framework to assist readers in the analysis of the upcoming crisis in Social Security, as well as means of analyzing various proposed remedies. It summarizes some of the plans for resolving the crisis and assesses the policy implications of those plans, as well as suggesting political strategies for promoting fair and adequate solutions to the program's financial problems.
Author: Charles Meyer
Publisher: Praeger
ISBN:
Category : Political Science
Languages : en
Pages : 216
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Book Description
The compulsory nature of social security makes it possible for income to be distributed within and across beneficiary cohorts. Focusing on the Federal Social Security system, encompassing OASDI and Medicare, this volume examines the equity and adequacy criteria that serve as standards for determining how payroll tax revenues are to be distributed. Social Security distributes cash benefits to retired and disabled workers in accordance with past taxable earnings, and the book describes and evaluates the procedures for determining each worker's earnings-related benefit base. The benefit base serves as a standard of individual equity. Primary worker payments are determined by applying a cohort-specific benefit formula to the benefit base of each worker. The benefit formula includes a rate structure with a progressive tilt, resulting in a higher benefit-to-earnings ratio for workers with lower prior earnings. Other features of the benefit structure adjust benefits to allow for age at entitlement and presence of eligible dependents or survivors. This book examines all of these features from an individual equity perspective. The authors also use equity considerations to provide a framework for examining the disability determination process and the current procedure for financing the Hospital Insurance and Supplementary Medical Insurance components of Medicare. In conclusion, the authors contrast the existing system with alternatives that would conform more closely with an actuarial standard. They also conclude with a discussion of the effects of the impending OASI trust fund surplus on successive generations of beneficiaries.
Author: Alicia H. Munnell
Publisher: Brookings Institution Press
ISBN: 0815716710
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
From a modest beginning in 1935 to an income replacement scheme for workers in commerce and industry, the social security system has grown to cover 90 percent of working Americans. It now pays $78 billion a year in benefits and is obligated to pay $4 trillion in future retirement benefits to workers now covered. With a projected tax rate of 30 percent of gross wages by the year 2050 to meet its obligations under current law, the system, in the author's words, is at "the most crucial juncture of its forty-year life." This comprehensive review and analysis, the thirteenth in the Brookings series of Studies in Social Economics, discusses social security in relation to other sources of retirement income and clarifies its financing problem, benefit structure, and ambivalent goals. It deals with two main financing questions. First, will the payroll tax yield the revenue needed to pay benefits as the retired population rises as a fraction of the working population? Second, is the regressive social security tax really the best source of revenue for a system with welfare components such as the minimum benefit and dependents' benefits? Though such benefits are viewed as progressive, they are not paid according to need. They meet neither the income redistribution requirements nor the individual equity goals of the social security program. The author provides a comprehensive account of the benefit structure and clarifies its relation not only to the basic goals of social security but also to the country's three-tiered system of income security. She offers recommendations for eliminating "an irrational and correctable feature of the benefit formula," for lowering the dependency ratio, and, most important, for a definition of goals.
