The distributional aspects of social security and social security reform [electronic resource] /edited by Martin Feldstein and Jeffrey B. Liebman.
Contributor(s): Feldstein, Martin S | Liebman, Jeffrey B.Material type: BookSeries: National Bureau of Economic Research conference report: Publisher: Chicago : University of Chicago Press, 2002Description: 1 online resource (x, 469 p.) : ill.ISBN: 9780226241890 (electronic bk.); 0226241890 (electronic bk.); 9780226241067 (cloth : alk. paper); 0226241068 (cloth : alk. paper); 1281125571; 9781281125576.Subject(s): Social security -- United States -- Congresses | Social security -- United States -- Finance -- Congresses | Pension trusts -- Investments -- United States -- Congresses | Privatization -- United States -- Congresses | Social security -- United States | Social security -- United States -- Finance | Pension trusts -- Investments -- United States | Privatization -- United States | POLITICAL SCIENCE -- Public Policy -- Social SecurityGenre/Form: Electronic books.DDC classification: 368.4/3/00973 Online resources: EBSCOhost
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"The papers in the present volume were presented at a conference in Woodstock, Vermont in October 1999"--Pref.
Includes bibliographical references and indexes.
Redistribution in the current U.S. Social Security system / Jeffrey B. Liebman -- Guaranteed income: SSI and the well-being of the elderly poor / Kathleen McGarry -- The impact of Social Security and other factors on the distribution of wealth / Jagadeesh Gokhale, Laurence J. Kotlikoff -- Social Security and inequality over the life cycle / Angus Deaton, Pierre-Olivier Gourinchas, Christina Paxson -- Long-run effects of Social Security reform proposals on lifetime progressivity / Julia Lynn Coronado, Don Fullerton, Thomas Glass -- Social Security's treatment of postwar Americans: how bad can it get? Jagadeesh Gokhale, Laurence J. Kotlikoff -- The distributional effects of an investment-based Social Security system / Martin Feldstein, Jeffrey B. Liebman -- Distributional effects in a general equilibrium analysis of Social Security / Laurence J. Kotlikoff, Kent Smetters, Jan Williser -- The economics of bequests in pensions and Social Security / Martin Feldstein, Elena Ranguelova -- Differential mortality and the value of individual account retirement annuities/ Jeffrey R. Brown.
Description based on print version record.
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.