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Distributional Aspects of Social Security and Social Security Reform

By: Feldstein Martin Feldstein Liebman Jeffrey B. Liebman (Author)

Ksh 16,920.00
Format :

Format(s): DRM PDF

ISBN-13: 9780226241890

Publisher: University of Chicago Press

Imprint: University of Chicago Press

Publication Date: November 1st, 2007

Language: English

Pages: 469

Physical Edition EAN: 9780226241067

Category: Welfare & benefit systems , Politics & government , Economic theory & philosophy

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  • Author Bio

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.

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