Different Approaches for Dealing with Social Security
1996 ◽
Vol 10
(3)
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pp. 55-66
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Keyword(s):
This paper discusses the report of the 1994 Quadrennial Advisory Council on Social Security, of which the author was chair. The system is out of long-term actuarial balance and, as a maturing defined benefit pay-as-you-go system, is giving younger cohorts ever lower returns on their payroll contributions. The council suggested three approaches--each of which involves higher national saving and a way to get some retirement funds invested in equities. One of these approaches preserves the present benefit structure, one shifts to large-scale individual accounts, and one is a hybrid.
2002 ◽
Vol 1
(1)
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Keyword(s):
1983 ◽
Vol 12
(4)
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pp. 433-452
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Keyword(s):
1994 ◽
Vol 144
◽
pp. 29-33
Keyword(s):