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Keywords:Social security 

Journal Article
The federal budget deficit and the social security surplus

Economic Review , Issue Mar , Pages 2-13

Journal Article
Social Security Council: make gradual changes, but start now

Economics Update , Issue Apr , Pages 1, 6

Journal Article
Social security, saving, and wealth accumulation

National Economic Trends , Issue May

Working Paper
The welfare effects of pay-as-you-go retirement programs: the role of tax and benefit timing

It is well known that pay-as-you-go retirement programs reduce steady-state welfare and the capital stock in dynamically efficient OLG economies. The common two-period OLG model obscures, however, the dependence of these effects on the ages at which taxes are paid and benefits are received. Program changes that shift taxes to older workers or benefits to younger retirees have effects similar to reductions in program size, yielding steady-state welfare gains and increases in capital accumulation while imposing transition costs on current generations. This analysis has policy implications for ...
Working Papers , Paper 0602

Journal Article
Can Social Security survive the baby boomers?

National Economic Trends , Issue Sep

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
Voting on social security: evidence from OECD countries

An examination of the subset of public choice models for Social Security that have empirical implications. The data, collected from OECD countries for the years 1960, 1970, 1980 and 1990, show that higher median voter age, greater income heterogeneity, similarity in family size, and variables that make a public pension program profitable are all associated with a larger program.
Working Papers (Old Series) , Paper 9511

Discussion Paper
A new approach to raising Social Security’s earliest eligibility age

While Social Security?s Normal Retirement Age (NRA) is increasing to 67, the Earliest Eligibility Age (EEA) remains at 62. Similar plans to increase the EEA raise concerns that they would create excessive hardship on workers who are worn-out or in bad health. One simple rule to increase the EEA is to tie an increase to the number of quarters of covered earnings. Such a provision would allow those with long work lives?presumably the less educated and lower paid?to quit earlier. We provide evidence that this simple rule would not satisfy the goal of preventing undue hardship on certain workers. ...
Public Policy Discussion Paper , Paper 08-4

Conference Paper
Social Security: It ain't Broken: Panel Discussion

Conference Series ; [Proceedings]

Journal Article
Mending but not ending Social Security: the individual accounts plan

Review , Issue Mar , Pages 7-10

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Gokhale, Jagadeesh 16 items

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Social security 159 items

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