The Distributional Aspects of Social Security and Social Security Reform.
Title:
The Distributional Aspects of Social Security and Social Security Reform.
Author:
Feldstein, Martin.
ISBN:
9780226241890
Personal Author:
Physical Description:
1 online resource (481 pages)
Series:
National Bureau of Economic Research Conference Report
Contents:
Contents -- Preface -- Introduction -- 1. Redistribution in the Current U.S. Social Security System -- Comment -- Discussion Summary -- 2. Guaranteed Income: SSI and the Well-Being of the Elderly Poor -- Comment -- Discussion Summary -- 3. The Impact of Social Security and Other Factors on the Distribution of Wealth -- Comment -- Discussion Summary -- 4. Social Security and Inequality over the Life Cycle -- Comment -- Discussion Summary -- 5. Long-Run Effects of Social Security Reform Proposals on Lifetime Progressivity -- Comment -- Discussion Summary -- 6. Social Security's Treatment of Postwar Americans: How Bad Can It Get? -- Comment -- Discussion Summary -- 7. The Distributional Effects of an Investment-Based Social Security System -- Comment -- Discussion Summary -- 8. Distributional Effects in a General Equilibrium Analysis of Social Security -- Comment -- Discussion Summary -- 9. The Economics of Bequests in Pensions and Social Security -- Comment -- Discussion Summary -- 10. Differential Mortality and the Value of Individual Account Retirement Annuities -- Comment -- Discussion Summary -- Appendix: Estimating Life Tables That Reflect Socioeconomic Di.erences in Mortality -- Contributors -- Author Index -- Subject Index.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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