IDEAS home Printed from https://ideas.repec.org/a/fip/fedbcp/y1997ijunp1-18n41.html
   My bibliography  Save this article

Social Security reform: an overview

Author

Listed:
  • Robert K. Triest

Abstract

Recent decades have seen a trend toward longer life expectancy and reduced birth rates across the globe. This is good news -- the pressures created by rapid population growth are being relaxed, and people are more likely to live to old age -- but it creates problems for programs such as Social Security, which are designed to provide for the consumption needs of the elderly. In the United States, the retirement of the baby boom generation will result in a decrease in the number of workers per Social Security beneficiary from 3.3 now to 2.2 in the year 2030. The decrease in the ratio of workers to beneficiaries will necessitate changes in our Social Security program. The fiscal problems faced by Social Security are just one component of the more general problem faced by society: How do we provide for the consumption needs of an increasingly aged population?> Policy decisions made in the next few years will have a large impact on the economic well-being of both future retirees and workers. Social Security reform may cause changes in national saving, labor markets, and financial markets that affect all members of society. Because of the potential importance of these changes to the economy and to future living standards, the Federal Reserve Bank of Boston devoted its forty-first economic conference, convened in June 1997, to Social Security Reform: Links to Saving, Investment, and Growth. This article reviews the presentations at the conference and the themes that developed from the discussions.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Robert K. Triest, 1997. "Social Security reform: an overview," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 41(Jun), pages 1-18.
  • Handle: RePEc:fip:fedbcp:y:1997:i:jun:p:1-18:n:41
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/economic/conf/conf41/conf_41.htm
    Download Restriction: no

    File URL: http://www.bostonfed.org/economic/conf/conf41/con41_01.pdf
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lopez Murphy, Pablo & Musalem, Alberto R., 2004. "Pension funds and national saving," Policy Research Working Paper Series 3410, The World Bank.
    2. Richard Disney, 2005. "Household Saving Rates and the Design of Social Security Programmes: Evidence from a Country Panel," CESifo Working Paper Series 1541, CESifo Group Munich.
    3. Richard Disney & Carl Emmerson & Sarah Smith, 2004. "Pension Reform and Economic Performance in Britain in the 1980s and 1990s," NBER Chapters,in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000, pages 233-274 National Bureau of Economic Research, Inc.
    4. Eisen, Roland, 2000. "(Partial) privatization social security: The Chilean model - a lesson to follow?," CFS Working Paper Series 2000/13, Center for Financial Studies (CFS).

    More about this item

    Keywords

    Social security;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbcp:y:1997:i:jun:p:1-18:n:41. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio). General contact details of provider: http://edirc.repec.org/data/frbbous.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.