Social Security's treatment of postwar Americans: how bad can it get?
The 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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- Julia Lynn Coronado & Don Fullerton & Thomas Glass, 1999.
"Distributional Impacts of Proposed Changes to the Social Security System,"
NBER Working Papers
6989, National Bureau of Economic Research, Inc.
- Julia Lynn Coronado & Don Fullerton & Thomas Glass, 1999. "Distributional Impacts of Proposed Changes to the Social Security System," NBER Chapters, in: Tax Policy and the Economy, Volume 13, pages 149-186 National Bureau of Economic Research, Inc.
- Steven Caldwell & Melissa Favreault & Alla Gantman & Jagadeesh Gokhale & Thomas Johnson, 1998.
"Social Security's Treatment of Postwar Americans,"
NBER Working Papers
6603, National Bureau of Economic Research, Inc.
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in: Pensions, Labor, and Individual Choice, pages 193-222
National Bureau of Economic Research, Inc.
- Peter Diamond & Jonathan Gruber, 1997. "Social Security and Retirement in the U.S," NBER Working Papers 6097, National Bureau of Economic Research, Inc.
- Ronald Lee & Shripad Tuljapurkar, 1997. "Death and Taxes: Longer life, consumption, and social security," Demography, Springer;Population Association of America (PAA), vol. 34(1), pages 67-81, February.
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