The distributional aspects of social security and social security reform / edited by Martin Feldstein and Jeffrey B. Liebman.
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 re...
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| Online Access: |
Full Text (via ProQuest) |
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| Other Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
Chicago :
University of Chicago Press,
2002.
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| Series: | National Bureau of Economic Research conference report.
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| Subjects: |
| Summary: | 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. |
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| Physical Description: | 1 online resource (x, 469 pages) : illustrations |
| Bibliography: | Includes bibliographical references and indexes. |
| ISBN: | 9780226241890 0226241890 9780226241067 0226241068 1281125571 9781281125576 9786611125578 6611125574 |
| Language: | English. |
| Source of Description, Etc. Note: | Source of description: Print version record. |