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Journal Article
The future of Social Security Disability Insurance
Schwabish, Jonathan A.; Lucking, Brian; Daly, Mary C. (2013)
Social Security Disability Insurance is projected to be insolvent before the end of the decade. How best to restore the program to long-term financial health depends on what has been driving its rapid growth. Demographic shifts and other predictable factors explain part of the increase. But a sizable share reflects increasing participation in the program across population groups. Curbing this growth is important for putting the program back on a sustainable fiscal path.
FRBSF Economic Letter

Journal Article
Pay-as-you-go Social Security and the aging of America: an economic analysis
Viard, Alan D. (2002)
Because it is a mature pay-as-you-go retirement system, Social Security provides current and future workers with below-market returns. These workers bear the burden of the unfunded liability arising from windfall gains to past retirees. Alan D. Viard uses these principles to examine the effects of three demographic developments: the low birthrate since the baby boom ended in 1965, the impending retirement of the baby boomers, and the downward trend in old-age mortality. The low birthrate reduces Social Securitys long-run rate of return as the unfunded liability is spread across fewer workers. ...
Economic and Financial Policy Review

Journal Article
Fully funded social security: Now you see it, now you don't?
Espinosa-Vega, Marco A.; Russell, Steven (1999-10)
Governments of countries around the world, including the United States, are considering implementing social security reform programs. In most cases, one of the principal goals of the reform program is to convert a pay-as-you-go social security system into a fully funded system. Most economists believe that the long-run macroeconomic benefits of a successful transition to a fully funded system are likely to be large relative to the benefits from social security reforms of other types. ; The authors of this article describe the basic differences between pay-as-you-go and fully funded systems ...
Economic Review , Volume 84 , Issue Q4 , Pages 16-25

Report
Social Security, benefit claiming, and labor force participation: a quantitative general equilibrium approach
Kitao, Sagiri; Imrohoroglu, Selahattin (2010)
We build a general equilibrium model of overlapping generations that incorporates endogenous saving, labor force participation, work hours, and Social Security benefit claims. Using this model, we study the impact of three Social Security reforms: 1) a reduction in benefits and payroll taxes; 2) an increase in the earliest retirement age, to sixty-four from sixty-two; and 3) an increase in the normal retirement age, to sixty-eight from sixty-six. We find that a 50 percent cut in the scope of the current system significantly raises asset holdings and the labor input, primarily through higher ...
Staff Reports , Paper 436

Journal Article
Social Security's treatment of postwar generations
Gokhale, Jagadeesh (1998-11)
Social Security's tax treatment of distinct groups varies widely among postwar generations: Women, whites, and the college educated have lower lifetime net tax rates than do men, non-whites, and those without a college education. Among income groups, the middle class faces the highest lifetime net tax rate
Economic Commentary , Issue Nov

Journal Article
Reforming Social Security in theory and practice: proceedings of a Symposium held at the Federal Reserve Bank of St. Louis, April 11, 1997 ; edited by Patricia S. Pollard.
Pollard, Patricia S. (1998-03)
Review , Issue Mar

Journal Article
Reforming Social Security: a welfare analysis
Pecchenino, Rowena A.; Pollard, Patricia S. (1998-03)
Review , Issue Mar , Pages 19-30

Journal Article
Statement to Congress, January 28, 1999 (social security)
Greenspan, Alan (1999-03)
Federal Reserve Bulletin , Issue Mar

Working Paper
Social Security privatization: a simple proposal
Altig, David E.; Gokhale, Jagadeesh (1997)
A proposal for a U.S. Social Security reform that gradually, but ultimately fully, privatizes the system. This proposal follows the no-harm, no-foul principle in that it preserves the benefits of older generations and yet promises the same or higher retirement benefits for the young.
Working Papers (Old Series) , Paper 9703

Conference Paper
The future outlook for Social Security: address
Gramlich, Edward M. (1997)
Conference Series ; [Proceedings]

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