Social Security's treatment of postwar Americans: how bad can it get?
AbstractThe authors consider Social Security’s treatment of postwar Americans under alternative tax increases and benefit cuts that would help bring the system’s finances into present-value balance. The alternatives include immediate tax increases, eliminating the ceiling on taxable payroll, immediate and sustained benefit cuts, raising the system’s normal retirement age, switching from wage to price indexing in calculating benefits, and limiting the price indexing of benefits. The choices made among these and other alternatives have important consequences for which postwar generations (and which of their members) will be forced to pay for the system’s long-term financing problems.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9912.
Date of creation: 1999
Date of revision:
Other versions of this item:
- Jagadeesh Gokhale & Laurence J. Kotlikoff, 2002. "Social Security’s Treatment of Postwar Americans. How Bad Can It Get?," NBER Chapters, in: The Distributional Aspects of Social Security and Social Security Reform, pages 207-262 National Bureau of Economic Research, Inc.
- Jagadeesh Gokhale & Laurence J. Kotlikoff, 1999. "Social Security's Treatment of Postwar Americans: How Bad Can It Get?," NBER Working Papers 7362, National Bureau of Economic Research, Inc.
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-01-31 (All new papers)
- NEP-DGE-2000-01-31 (Dynamic General Equilibrium)
- NEP-HIS-2000-01-31 (Business, Economic & Financial History)
- NEP-LAB-2000-01-31 (Labour Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:CitEc Project, subscribe to its RSS feed for this item.
- Jagadeesh Gokhale & Laurence J. Kotlikoff & Alexi Sluchynsky, 2002.
"Does it pay to work?,"
0206, Federal Reserve Bank of Cleveland.
- Tosun, Mehmet Serkan, 2008. "Endogenous fiscal policy and capital market transmissions in the presence of demographic shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 2031-2060, June.
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