منابع مشابه
Anyone for Social Security Reform?
A reform of a pay-as-you-go social security makes the pensioners worse off and the working generations better off in the period of the reform (in a dynamically efficient economy without altruism). The observed reluctance across all age groups to support such reforms is usually explained by the insurance properties of these schemes. I propose an alternative in a two sector setting. Since the old...
متن کاملFarmers and Social Security Reform
For several years, reports from the Trustees of the Social Security system have warned us that at the current rate of benefits and given the current age structure of our population, the Social Security system will go broke sometime between 2038 and 2042. To address Social Security Trustees’ concerns, President Bush, in his postelection speech, reported that one of the legacies of his administra...
متن کاملSocial Security Sustainability and Reform
Social Security is the foundation of retirement and disability income support in the United States, paying out $615 billion in benefits in 2008 to nearly 51 million beneficiaries. Although the core functions of Social Security remain largely unchanged, the system now faces an exceptional challenge: It is not financially sustainable in its current form. In the coming years, efforts to meet this ...
متن کاملSocial Security Reform in Denmark
Recent social security reforms in Denmark have had the effect of simplifying program administration and expanding the means-testing of benefits, thereby presumably reducing future program costs.’ At the beginning of 1984, the three old-age, survivor, and disability insurance (OASDI) groups were reduced to only two groups-old-age pensioners in one, and all other potential social security recipie...
متن کاملSocial Security Reform with Impure Intergenerational Altruism∗
This paper studies the long-run aggregate and welfare effects of eliminating Social Security in a quantitative dynamic general equilibrium life-cycle model where parents and their children are linked by voluntary and accidental bequests. Social security in this model with impure altruism has a smaller effect on capital accumulation than in a pure life-cycle model, a bigger effect than in a mode...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4235860