Economic Effects Of Social Security

Author : Henry Aaron
Publisher : Brookings Institution Press
Page : 97 pages
File Size : 43,5 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 9780815707349

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Economic Effects of Social Security by Henry Aaron Pdf

The social security system affects people throughout most of their lives, at work and in retirement. The supposed effects of social security on saving, labor supply, and the distribution of income figure prominently in current debates about whether and how to change the system. Theorists have developed alternative analytical frameworks for studying social security, but all involve extreme assumptions introduced for the sake of analytical tractability. Each study seems to describe the behavior of some, but not all or even most people. The shortcomings of available data have created additional roadblocks. As a result, the effects of social security on saving and labor supply are difficult to measure, and how such a complex system influences behavior is not at all well understood. Yet decisions on social security cannot be avoided. If analysts cannot agree, policymakers are likely to increase the weight they attach to perceptions of equity, adequacy of benefits, fairness of taxes, and similar qualitative considerations. Hence it is desirable for lay observers to understand the framework that analysts use and the reasons why there is so much uncertainty. This book sheds light on social security issues by examining evidence from economic studies about how the system affects saving, labor supply, and income distribution. It shows that these studies provide little evidence to support or refute assertions that social security has reduced saving, but they do indicate that it has contributed to the trend toward early retirement. The author finds that the aged are now about as well off on the average as the general population and that social security has played a considerable role in bringing about this equality. This volume is the sixteenth in the second series of Brookings Studies of Government Finance.

Author : Everett Malcolm Kassalow
Publisher : Unknown
Page : 276 pages
File Size : 51,8 Mb
Release : 1968
Category : Economic development
ISBN : UOM:39015072109708

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The Role of Social Security in Economic Development by Everett Malcolm Kassalow Pdf

Author : J. Midgley,K. Tang
Publisher : Springer
Page : 316 pages
File Size : 54,6 Mb
Release : 2008-04-30
Category : Business & Economics
ISBN : 9780230582194

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Social Security, the Economy and Development by J. Midgley,K. Tang Pdf

This book explores the complex relationship between social security and economic development, arguing that social security contributes positively to economic development by promoting social investments that not only foster economic growth but enhance social welfare for all. The contributors analyse the various forms of social security, and, through comprehensive analysis of country experiences, demonstrates that the relationship between social security and economic development defies the simplistic interpretations currently popular in literature on the subject. A variety of country case studies are explored including Britain, Chile, China, India, Korea, Norway, Singapore, South Africa and the United States. This topical volume is a vital companion for all interested in the dynamics of the relationship between social security and the economy.

Author : Michael R. Darby
Publisher : Unknown
Page : 116 pages
File Size : 43,9 Mb
Release : 1979
Category : Business & Economics
ISBN : STANFORD:36105035412977

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The Effects of Social Security on Income and the Capital Stock by Michael R. Darby Pdf

Monograph on effects of social security on aggregate savings-income ratio in the USA - uses an economic model to estimate relationships between capital stock, labour supply and social security, etc., and finds that a regression run for 1947-1974 shows no effect of social security on saving. Bibliography pp. 85 to 88, graphs, references and statistical tables.

Author : B.A. Gustafsson,N.A. Klevmarken
Publisher : Elsevier
Page : 253 pages
File Size : 51,8 Mb
Release : 2016-01-26
Category : Business & Economics
ISBN : 9781483290645

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The Political Economy of Social Security by B.A. Gustafsson,N.A. Klevmarken Pdf

In many western countries with slow economic growth and population growth the increasing cost of the social security system is a concern. The contributions in this volume address this issue from various angles, theoretically as well as empirically and also taking into account institutional conditions. This book discusses current social security policy issues and related research from a number of western countries. Papers include the following subjects: - Recent policy changes in the UK and the Federal Public of Germany - Distributional effects of social security - Public choice models of social security - Economic incentive effects of unemployment insurance and occupational pensions - The macroeconomic effects of the growth of benefits and their financing

Author : David A. Wise
Publisher : University of Chicago Press
Page : 470 pages
File Size : 52,6 Mb
Release : 2012-09-15
Category : Business & Economics
ISBN : 9780226921952

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Social Security Programs and Retirement around the World by David A. Wise Pdf

In nearly every industrialized country, large aging populations and increased life expectancy have placed enormous pressure on social security programs—and, until recently, the pressure has been compounded by a trend toward retirement at an earlier age. With a larger fraction of the population receiving benefits, in coming decades social security in many countries may have to be reformed in order to remain financially viable. This volume offers a cross-country analysis of the effects of disability insurance programs on labor force participation by older workers. Drawing on measures of health that are comparable across countries, the authors explore the extent to which differences in the labor force are determined by disability insurance programs and to what extent disability insurance reforms are prompted by the circumstances of a country’s elderly population.

Author : United States. Congressional Budget Office
Publisher : Unknown
Page : 52 pages
File Size : 55,6 Mb
Release : 1991
Category : Social security
ISBN : CORNELL:31924062333434

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The Economic Effects of Uncompensated Changes in the Funding of Social Security by United States. Congressional Budget Office Pdf

Author : Jeffrey R. Brown,Jeffrey B. Liebman,David A. Wise
Publisher : University of Chicago Press
Page : 473 pages
File Size : 53,9 Mb
Release : 2009-12-15
Category : Business & Economics
ISBN : 9780226076508

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Social Security Policy in a Changing Environment by Jeffrey R. Brown,Jeffrey B. Liebman,David A. Wise Pdf

Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.

Author : Felicity Skidmore
Publisher : Cambridge, Mass. : MIT Press
Page : 320 pages
File Size : 40,7 Mb
Release : 1981
Category : Business & Economics
ISBN : STANFORD:36105039179101

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Social Security Financing by Felicity Skidmore Pdf

For most of its working life--which began in 1935--the social security system has been the most popular and creditable social program in the United States. Its benefits have grown over the years--and not only in nominal terms, but in real ones as well. Public trust in its soundness has been as close to universal as its coverage, which now stands at nearly 94 percent of the working population. By the early 1970s, however, serious cracks in the financial underpinnings of the system began to be widely noted. The crisis of public confidence that developed--with some clamoring to get out of the system altogether--realistically reflected financial difficulties that are apt to persist through the first half of the twenty-first century, based on current projections of declining birth rates (causing a higher retiree/worker ratio) and productivity growth rates."Social Security Financing" faces up to these and related problems and proposes a range of workable solutions, including alternative methods for financing the system that would overhaul its entire fiscal structure. The book--which is based on an intensive study sponsored by the Social Security Administration and conducted by Mathematica Policy Research and the National Institute for Advanced Studies in 1980--deals with both the economics and the politics of the issues involved.Contents: "Alternate Methods of Social Security Financing: Overview of the Symposium, " Felicity Skidmore; "Issues in Social Security Financing: History and Policy Framework, " Marilyn Manser; "The Economic Effects of Social Security's OASI Program, " George F. Break; "Financing Social Security: A Reappraisal, " Richard A. Musgrave; "Financing Social Security: VAT Versus the Payroll Tax, " Charles E. McLure, Jr.; "Political Perspective on Social Security Financing, " Peter N. Stearns; "Sorting Out the Issues in Social Security Financing: American Politics and Public Opinion, " D. Garth Taylor.

Author : Courtney C. Coile,Kevin Milligan,David A. Wise
Publisher : University of Chicago Press
Page : 347 pages
File Size : 48,6 Mb
Release : 2019-12-12
Category : Business & Economics
ISBN : 9780226619293

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Social Security Programs and Retirement around the World by Courtney C. Coile,Kevin Milligan,David A. Wise Pdf

In developed countries, men’s labor force participation at older ages has increased in recent years, reversing a decades-long pattern of decline. Participation rates for older women have also been rising. What explains these patterns, and the differences in them across countries? The answers to these questions are pivotal as countries face fiscal and retirement security challenges posed by longer life-spans. This eighth phase of the International Social Security project, which compares the social security and retirement experiences of twelve developed countries, documents trends in participation and employment and explores reasons for the rising participation rates of older workers. The chapters use a common template for analysis, which facilitates comparison of results across countries. Using within-country natural experiments and cross-country comparisons, the researchers study the impact of improving health and education, changes in the occupation mix, the retirement incentives of social security programs, and the emergence of women in the workplace, on labor markets. The findings suggest that social security reforms and other factors such as the movement of women into the labor force have played an important role in labor force participation trends.

Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 484 pages
File Size : 54,8 Mb
Release : 2008-04-15
Category : Political Science
ISBN : 9780226241821

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Privatizing Social Security by Martin Feldstein Pdf

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

Author : Peter A. Diamond,Peter R. Orszag
Publisher : Rowman & Littlefield
Page : 322 pages
File Size : 43,9 Mb
Release : 2006-05-25
Category : Political Science
ISBN : 9780815797838

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Saving Social Security by Peter A. Diamond,Peter R. Orszag Pdf

New in Paperback. While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. Since the publication of the first edition of this book in 2004, the Social Security debate has moved to the center of the domestic policy agenda. In this updated edition of Saving Social Security, the authors analyze the Bush Administration's proposal for individual accounts and discuss the so-called "price indexing" proposal to restore long-term solvency through changing how initial benefits would be calculated. Soc ial Security is essis essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives. "An honest, transparent and comprehensive approach to making the much needed reforms to the Social Security program."—Journal of Pensions, Economics, and Finance "Very accessible presentation of facts, analysis of underlying problems, comparison of opinions, and argument for proposed reforms."—Future Survey Exhaustively researched and deeply entrenched in practical issues and mathematical calculations... a highly recommended ray of hope against a looming national crisis." —Wisconsin Bookwatch "Diamond and Orszag bring some welcome realism and decency to the debate."—Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology, Nobel Laureate in Economics

Author : International Social Security Association
Publisher : Unknown
Page : 114 pages
File Size : 41,6 Mb
Release : 1978
Category : Inflation (Finance)
ISBN : MSU:31293103831552

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Problems of Social Security Under Economic Recession and Inflation by International Social Security Association Pdf

Author : Rudolf Johannes Adrianus Muffels,Tilburg Institute for Social Security Research
Publisher : Unknown
Page : 245 pages
File Size : 54,8 Mb
Release : 1993
Category : Labor market
ISBN : 9072429400

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Welfare Economic Effects of Social Security by Rudolf Johannes Adrianus Muffels,Tilburg Institute for Social Security Research Pdf

Author : Jonathan Gruber,David A. Wise
Publisher : University of Chicago Press
Page : 552 pages
File Size : 52,7 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 9780226310008

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Social Security Programs and Retirement around the World by Jonathan Gruber,David A. Wise Pdf

The future of Social Security is troubled, both in the United States and in most other developed countries with aging populations. As improvements in health care and changes in life styles enable retirees to live longer than ever before, the stress on national budgets will increase substantially. In Social Security Programs and Retirement around the World, Jonathan Gruber, David A. Wise, and experts in many countries examine the consequences of reforming retirement benefits in a dozen nations. Drawing on the work of an international group of noted economists, the editors argue that social security programs provide strong incentives for workers to leave the labor force by retiring and taking the benefits to which they are entitled. By penalizing work, social security systems magnify the increased financial burden caused by aging populations, thus contributing to the insolvency of the system. This book is a model of comparative analysis that evaluates the effects of illustrative policies for countries facing the impending rapid growth of social security benefits. Its insights will help inform one of the most pressing debates.