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Keywords:Social security 

Journal Article
The personal security system: a framework for reforming Social Security

Review , Issue Mar , Pages 11-13

Conference Paper
Demographics, Social Security reform, and labor supply

Conference Series ; [Proceedings]

Report
Sustainable social security: four options

This paper presents four policy options to make Social Security sustainable under the coming demographic shift: 1) increase payroll taxes by 6 percentage points, 2) reduce the replacement rates of the benefit formula by one-third, 3) raise the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with income. While all four policies achieve the same goal, their economic outcomes differ significantly. Options 2 and 3 encourage own savings, and capital stock is more than 10 percent higher than in the other two options. The payroll tax ...
Staff Reports , Paper 505

Journal Article
Means of payment, the unbanked, and EFT '99

Economic Quarterly , Issue Fall , Pages 49-70

Discussion Paper
Social Security and unsecured debt

Most young households simultaneously hold both unsecured debt on which they pay an average of 10 percent interest and social security wealth on which they earn less than 2 percent. We document this fact using data from the Panel Study of Income Dynamics. We then consider a life-cycle model with ?tempted? households, who find it impossible to commit to an optimal consumption plan and ?disciplined? households who have no such problem, and we explore ways to reduce this inefficiency. We show that allowing households to use social security wealth to pay off debt while exempting young households ...
Public Policy Discussion Paper , Paper 04-10

Working Paper
Pensions, social security, and the distribution of wealth

This paper uses the Survey of Consumer Finances (SCF) to examine pension coverage, estimate Social Security and pension wealth for U.S. households in 1989 and 1992, and estimate the effects of pension wealth on non-pension net worth. As expected, the SCF data show that including pensions and Social Security in net worth makes the distribution more even. The analysis of the effects of pension wealth on other types of savings indicates that there is a negative effect of defined benefit plan coverage on non-pension net worth. Surprisingly, the effect of defined contribution plans, such as 401(k) ...
Finance and Economics Discussion Series , Paper 1997-55

Journal Article
Can the stock market save Social Security?

FRBSF Economic Letter

Journal Article
Statement to Congress, March 27, 2000 (general revenue transfers for Social Security and Medicare)

Federal Reserve Bulletin , Issue May , Pages 318-320

Journal Article
The future of Social Security: an update

Review , Issue Jan , Pages 33-49

Journal Article
North Texas income dip may reflect decline in education

Southwest Economy , Issue Sep , Pages 10

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Gokhale, Jagadeesh 16 items

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