The New Logic of Social Security Reform
Author : Raúl L. Madrid
Publisher :
Page : 344 pages
File Size : 28,95 MB
Release : 1999
Category : Pensions
ISBN :
Author : Raúl L. Madrid
Publisher :
Page : 344 pages
File Size : 28,95 MB
Release : 1999
Category : Pensions
ISBN :
Author : R. Douglas Arnold
Publisher : Princeton University Press
Page : 328 pages
File Size : 17,63 MB
Release : 2022-04-12
Category : Political Science
ISBN : 0691224447
How Social Security has shaped American politics—and why it faces insolvency Since its establishment, Social Security has become the financial linchpin of American retirement. Yet demographic trends—longer lifespans and declining birthrates—mean that this popular program now pays more in benefits than it collects in revenue. Without reforms, 83 million Americans will face an immediate benefit cut of 20 percent in 2034. How did we get here and what is the solution? In Fixing Social Security, R. Douglas Arnold explores the historical role that Social Security has played in American politics, why Congress has done nothing to fix its insolvency problem for three decades, and what legislators can do to save it. What options do legislators have as the program nears the precipice? They can raise taxes, as they did in 1977, cut benefits, as they did in 1983, or reinvent the program, as they attempted in 2005. Unfortunately, every option would impose costs, and legislators are reluctant to act, fearing electoral retribution. Arnold investigates why politicians designed the system as they did and how between 1935 and 1983 they allocated—and reallocated—costs and benefits among workers, employers, and beneficiaries. He also examines public support for the program, and why Democratic and Republican representatives, once political allies in expanding Social Security, have become so deeply polarized about fixing it. As Social Security edges closer to crisis, Fixing Social Security offers a comprehensive analysis of the political fault lines and a fresh look at what can be done—before it is too late.
Author : Peter A. Diamond
Publisher : Rowman & Littlefield
Page : 322 pages
File Size : 46,32 MB
Release : 2006-05-25
Category : Political Science
ISBN : 0815797834
New in Paperback. While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. Since the publication of the first edition of this book in 2004, the Social Security debate has moved to the center of the domestic policy agenda. In this updated edition of Saving Social Security, the authors analyze the Bush Administration's proposal for individual accounts and discuss the so-called "price indexing" proposal to restore long-term solvency through changing how initial benefits would be calculated. Soc ial Security is essis essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives. "An honest, transparent and comprehensive approach to making the much needed reforms to the Social Security program."—Journal of Pensions, Economics, and Finance "Very accessible presentation of facts, analysis of underlying problems, comparison of opinions, and argument for proposed reforms."—Future Survey Exhaustively researched and deeply entrenched in practical issues and mathematical calculations... a highly recommended ray of hope against a looming national crisis." —Wisconsin Bookwatch "Diamond and Orszag bring some welcome realism and decency to the debate."—Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology, Nobel Laureate in Economics
Author : Michael Tanner
Publisher : Cato Institute
Page : 412 pages
File Size : 48,14 MB
Release : 2004
Category : Political Science
ISBN : 9781930865556
Tanner (Cato Project on Social Security Choice) brings together work by leaders in Social Security reform, examining problems of the current system and offering proposals for reform. Contributors in economics, law, and philosophy, many affiliated with the Cato Institute, examine aspects of the problem related to issues such as property rights, the impact of Social Security reform on low-income workers, and how stock market declines affect the reform debate. They advocate allowing younger workers to privately invest their Social Security taxes through individual accounts.
Author : C. Eugene Steuerle
Publisher : The Urban Insitute
Page : 358 pages
File Size : 23,96 MB
Release : 1994
Category : Political Science
ISBN : 9780877666028
Study of the Social Security debate arguing that Social Security needs reform and offering a blueprint for implementing them to meet today's and tomorrow's needs.
Author : Paul Charles Light
Publisher : Random House (NY)
Page : 284 pages
File Size : 33,65 MB
Release : 1985
Category : Political Science
ISBN :
Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 481 pages
File Size : 25,73 MB
Release : 2007-11-01
Category : Political Science
ISBN : 0226241890
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.
Author : Daniel Shaviro
Publisher : University of Chicago Press
Page : 190 pages
File Size : 47,99 MB
Release : 2000
Category : Business & Economics
ISBN : 0226751171
The Social Security Act of 1935 must be counted among the most monumental pieces of legislation ever passed by Congress. Today, sixty-five years after its enactment, public support for Social Security remains extremely strong. At the same time, there have been reports that Social Security is in grave danger of financial collapse, and numerous groups across the political spectrum have agitated for its reform. The president has put forward proposals to rescue Social Security, conservatives argue for its privatization, and liberals advocate increases in its funding from surplus tax revenues. But what is the average person to make of all this? How many Americans know where the money for Social Security benefits really comes from, or who wins and loses from the system's overall operations? Few people understand the current Social Security system in even its broadest outlines. And yet Social Security reform is ranked among the most important social issues of our time. With Making Sense of Social Security Reform, Daniel Shaviro makes an important contribution to the public understanding of the issues involved in reforming Social Security. His book clearly and straightforwardly describes the current system and the pressures that have been brought to bear upon it, before dissecting and evaluating the various reform proposals. Accessible to anyone who has an interest in the issue, Shaviro's new work is unique in offering a balanced, nonpartisan account.
Author : Barbara D. Bovbjerg (ed)
Publisher : DIANE Publishing
Page : 110 pages
File Size : 12,7 MB
Release : 2005-09
Category : Social security
ISBN : 9781422300510
The sooner our nation acts to address Social Security's long-term financial challenges, the easier it will be to successfully meet them. The choices are not difficult to understand, but they are difficult to make. They affect both how much Americans pay for Social Security & how much they receive from the program. They require changes that not only will affect us but have implications for future generations. This guide provides answers to questions about the most basic aspects of Social Security & reform issues in a concise & easy-to-understand format. It provides straightforward answers to how Social Security works, why it needs reform, what the basic options are, & how to assess their implications.
Author : Peter Ferrara
Publisher : Cato Institute
Page : 286 pages
File Size : 15,9 MB
Release : 1998
Category : Political Science
ISBN : 9781882577620
This book examines the history of Social Security and predicts that the system will face bankruptcy within the next few years.