Criteria for Social Security Reform
Because currently anticipated Social Security revenues are inadequate to pay for promised benefits, reform of the Social Security program is likely. Several different plans to restore the program to actuarial balance have emerged, and more will arise as the debate continues. Comparison and evaluation of these alternatives require a framework for analysis and criteria along which to judge their strengths and weaknesses. After discussing the goals of the Social Security system, we identify three main criteria (income adequacy, individual equity and economic growth), and propose several other issues for consideration.
|Date of creation:||01 Jun 1997|
|Date of revision:|
|Publication status:||forthcoming in Prospects for Social Security Reform, O. Mitchell et al., eds., University of Pennsylvania Press|
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- James M. Poterba & Steven F. Venti & David A. Wise, 1996. "How Retirement Saving Programs Increase Saving," Journal of Economic Perspectives, American Economic Association, vol. 10(4), pages 91-112, Fall.
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- Olivia S. Mitchell, 1991. "Trends in Pension Benefit Formulas and Retirement Provisions," NBER Working Papers 3744, National Bureau of Economic Research, Inc.
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- Olivia S. Mitchell, 1996.
"Administrative Costs in Public and Private Retirement Systems,"
NBER Working Papers
5734, National Bureau of Economic Research, Inc.
- Olivia S. Mitchell, 1998. "Administrative Costs in Public and Private Retirement Systems," NBER Chapters, in: Privatizing Social Security, pages 403-456 National Bureau of Economic Research, Inc.
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- Peter Diamond, 2004. "Social Security," American Economic Review, American Economic Association, vol. 94(1), pages 1-24, March.
- Jill Quadagno & Joseph Quinn, 1996. "Does Social Security Discourage Work?," Boston College Working Papers in Economics 322., Boston College Department of Economics.
- Joseph F. Quinn & Olivia S. Mitchell, . "Social Security on the Table," Pension Research Council Working Papers 96-3, Wharton School Pension Research Council, University of Pennsylvania.
- Jerry A. Hausman & David A. Wise, 1985. "Social Security, Health Status, and Retirement," NBER Chapters, in: Pensions, Labor, and Individual Choice, pages 159-192 National Bureau of Economic Research, Inc.
- Robert A. Moffitt, 1984. "Trends in Social Security Wealth by Cohort," NBER Chapters, in: Economic Transfers in the United States, pages 327-358 National Bureau of Economic Research, Inc.
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