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The Distributional Aspects of Social Security and Social Security Reform (Hardcover)
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The Distributional Aspects of Social Security and Social Security Reform (Hardcover)
Series: (NBER) National Bureau of Economic Research Conference Reports
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Social security is one of the largest and one of the most popular
programs administered by the United States government. It is also
under significant pressure to reform: given projected increases in
both individual life expectancy and the sheer number of retirees,
the current system faces the possibility of an eventual overload.
Alternative proposals have emerged, ranging from reductions in
future benefits to a rise in tax revenue 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 demonstrate that
appropriately designed investment-based social-security reforms
could 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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