Author: Julia Lynn CoronadoPublisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 78
Book Description
Long Run Effects of Social Security Reform Prosposals on Lifetime Progressivity
Author: Julia Lynn CoronadoPublisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 78
Book Description
Long Run Effects of Social Security Reform Proposals on Lifetime Progressivity
Author: Julia Lynn CoronadoPublisher:
ISBN:
Category : Income distribution
Languages : en
Pages : 40
Book Description
This paper uses a lifetime framework to address questions about the progressivity of social security and proposed reforms. We use a large sample of diverse individuals from the PSID to calculate lifetime income, to classify individuals into income quintiles, and then to calculate the present value of taxes minus benefits for each person in each group. In our basic calculations, the current system is slightly progressive, overall, on a lifetime basis. Social Security would become slightly more progressive in one of the reform plans, and it would become slightly regressive in each of the other plans. The pattern of progressivity is affected by alternative assumptions, but it is affected in similar ways for the current system and proposed reforms. None of these reforms greatly alters the current degree of progressivity on a lifetime basis
Long Run Effects of Social Security Reform Proposals on Lifetime Progressivitye
Author: Julia Lynn CoronadoThe Distributional Aspects of Social Security and Social Security Reform
Author: Martin FeldsteinPublisher: University of Chicago Press
ISBN: 0226241890
Category : Political Science
Languages : en
Pages : 481
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.
Social security reform proposals could have a variety of effects on distribution of benefits and payroll taxes : testimony before the Special Committee on Aging, U.S. Senate
Author: Publisher: DIANE Publishing
ISBN: 1428938117
Category :
Languages : en
Pages : 34
Book Description
The Growing Gap in Life Expectancy by Income
Author: National Academies of Sciences, Engineering, and MedicinePublisher: National Academies Press
ISBN: 030931710X
Category : Social Science
Languages : en
Pages : 243
Book Description
The U.S. population is aging. Social Security projections suggest that between 2013 and 2050, the population aged 65 and over will almost double, from 45 million to 86 million. One key driver of population aging is ongoing increases in life expectancy. Average U.S. life expectancy was 67 years for males and 73 years for females five decades ago; the averages are now 76 and 81, respectively. It has long been the case that better-educated, higher-income people enjoy longer life expectancies than less-educated, lower-income people. The causes include early life conditions, behavioral factors (such as nutrition, exercise, and smoking behaviors), stress, and access to health care services, all of which can vary across education and income. Our major entitlement programs - Medicare, Medicaid, Social Security, and Supplemental Security Income - have come to deliver disproportionately larger lifetime benefits to higher-income people because, on average, they are increasingly collecting those benefits over more years than others. This report studies the impact the growing gap in life expectancy has on the present value of lifetime benefits that people with higher or lower earnings will receive from major entitlement programs. The analysis presented in The Growing Gap in Life Expectancy by Income goes beyond an examination of the existing literature by providing the first comprehensive estimates of how lifetime benefits are affected by the changing distribution of life expectancy. The report also explores, from a lifetime benefit perspective, how the growing gap in longevity affects traditional policy analyses of reforms to the nation's leading entitlement programs. This in-depth analysis of the economic impacts of the longevity gap will inform debate and assist decision makers, economists, and researchers.
Report of the National Commission on Social Security Reform
Author: United States. National Commission on Social Security ReformPublisher:
ISBN:
Category : Disability insurance
Languages : en
Pages : 298
Book Description
Strengthening Social Security
Author: United States. Congress. Senate. Special Committee on AgingPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
Book Description
Social Security Reform
Author: Peter A. DiamondPublisher: OUP Oxford
ISBN: 9780199247899
Category : Business & Economics
Languages : en
Pages : 120
Book Description
Also considered are the risks in the political process."--BOOK JACKET.
Privatizing Social Security
Author: Martin FeldsteinPublisher: University of Chicago Press
ISBN: 0226241823
Category : Political Science
Languages : en
Pages : 484
Book Description
This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest