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Economic Effects Of Social Security
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Book Synopsis Economic Effects of Social Security by : Henry Aaron
Download or read book Economic Effects of Social Security written by Henry Aaron and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social security system affects people throughout most of their lives, at work and in retirement. The supposed effects of social security on saving, labor supply, and the distribution of income figure prominently in current debates about whether and how to change the system. Theorists have developed alternative analytical frameworks for studying social security, but all involve extreme assumptions introduced for the sake of analytical tractability. Each study seems to describe the behavior of some, but not all or even most people. The shortcomings of available data have created additional roadblocks. As a result, the effects of social security on saving and labor supply are difficult to measure, and how such a complex system influences behavior is not at all well understood. Yet decisions on social security cannot be avoided. If analysts cannot agree, policymakers are likely to increase the weight they attach to perceptions of equity, adequacy of benefits, fairness of taxes, and similar qualitative considerations. Hence it is desirable for lay observers to understand the framework that analysts use and the reasons why there is so much uncertainty. This book sheds light on social security issues by examining evidence from economic studies about how the system affects saving, labor supply, and income distribution. It shows that these studies provide little evidence to support or refute assertions that social security has reduced saving, but they do indicate that it has contributed to the trend toward early retirement. The author finds that the aged are now about as well off on the average as the general population and that social security has played a considerable role in bringing about this equality. This volume is the sixteenth in the second series of Brookings Studies of Government Finance.
Book Synopsis Economic Effects of Social Security by : Henry J. Aaron
Download or read book Economic Effects of Social Security written by Henry J. Aaron and published by Washington, D.C. : Brookings Institution. This book was released on 1982 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research report evaluating economic implications of social security in the USA - discusses three competing economic theories on people's economic decision making, namely the life-cycle, multigeneration and short-horizon models, outlines historical trends and the impact of social security on saving, labour supply and long term income distribution. Graphs and references.
Book Synopsis The Role of Social Security in Economic Development by : Everett Malcolm Kassalow
Download or read book The Role of Social Security in Economic Development written by Everett Malcolm Kassalow and published by . This book was released on 1968 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Social Security Policy in a Changing Environment by : Jeffrey R. Brown
Download or read book Social Security Policy in a Changing Environment written by Jeffrey R. Brown and published by University of Chicago Press. This book was released on 2009-12-15 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.
Book Synopsis Prospects for Social Security Reform by : Olivia S. Mitchell
Download or read book Prospects for Social Security Reform written by Olivia S. Mitchell and published by University of Pennsylvania Press. This book was released on 1999-01-29 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States social security system is the nation's largest social insurance program. As such, it has a far-reaching impact throughout the economy, influencing not only old-age economic security but also many behaviors, including corporate employment policy, retirement patterns, and personal saving. In the past, the system's universal coverage and generous benefits ensured popular support to a degree enjoyed by no other form of "big government" social spending. Yet over two-thirds of all Americans today believe that the social security system will face bankruptcy by the time they retire. The question of social security reform—how to reform the system or whether the system needs reform at all—is the subject of heated debate at all levels of government, in the media, and among workers, pensioners, and employers. Prospects for Social Security Reform informs the debate by exploring why the system is at a crossroads today and what to do about it. Contributors detail the size and nature of the problem, explain views of key "stakeholders" regarding reform options, and report new evidence on how reform might affect the economy. Research findings and public opinion polls are analyzed, as are lessons from other countries experimenting with new ways to deliver old-age benefit promises. No other volume includes as diverse and expert a set of perspectives on reform and privatization as those gathered here from economists, actuaries, employers, investment managers, and representatives of organized labor. Among its chapters is the path-breaking study "Social Security Money's Worth," the 1999 winner of the TIAA-CREF's Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security.
Download or read book Social Security written by and published by . This book was released on 2001 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effects of Social Security on Income and the Capital Stock by : Michael R. Darby
Download or read book The Effects of Social Security on Income and the Capital Stock written by Michael R. Darby and published by . This book was released on 1979 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on effects of social security on aggregate savings-income ratio in the USA - uses an economic model to estimate relationships between capital stock, labour supply and social security, etc., and finds that a regression run for 1947-1974 shows no effect of social security on saving. Bibliography pp. 85 to 88, graphs, references and statistical tables.
Book Synopsis Social Security Programs and Retirement around the World by : Courtney C. Coile
Download or read book Social Security Programs and Retirement around the World written by Courtney C. Coile and published by University of Chicago Press. This book was released on 2019-12-12 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: In developed countries, men’s labor force participation at older ages has increased in recent years, reversing a decades-long pattern of decline. Participation rates for older women have also been rising. What explains these patterns, and the differences in them across countries? The answers to these questions are pivotal as countries face fiscal and retirement security challenges posed by longer life-spans. This eighth phase of the International Social Security project, which compares the social security and retirement experiences of twelve developed countries, documents trends in participation and employment and explores reasons for the rising participation rates of older workers. The chapters use a common template for analysis, which facilitates comparison of results across countries. Using within-country natural experiments and cross-country comparisons, the researchers study the impact of improving health and education, changes in the occupation mix, the retirement incentives of social security programs, and the emergence of women in the workplace, on labor markets. The findings suggest that social security reforms and other factors such as the movement of women into the labor force have played an important role in labor force participation trends.
Book Synopsis The Distributional Aspects of Social Security and Social Security Reform by : Martin Feldstein
Download or read book The Distributional Aspects of Social Security and Social Security Reform written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-11-01 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging from reductions in future benefits to a rise in taxrevenue to various forms of investment-based personal retirement accounts. As this volume suggests, the distributional consequences of these proposals are substantially different and may disproportionately affect those groups who depend on social security to avoid poverty in old age. Together, these studies persuasively show that appropriately designed investment-based social security reforms can effectively reduce the long-term burden of an aging society on future taxpayers, increase the expected future income of retirees, and mitigate poverty rates among the elderly.
Book Synopsis Privatizing Social Security by : Martin Feldstein
Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
Book Synopsis Social Security Programs and Retirement around the World by : Axel Börsch-Supan
Download or read book Social Security Programs and Retirement around the World written by Axel Börsch-Supan and published by University of Chicago Press. This book was released on 2021-03-05 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the past two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase or its large variation across countries. The studies in this volume explore how financial incentives to work at older ages have evolved as a result of public pension reforms since 1980 and how these changes have affected retirement behavior. Utilizing a common template to analyze the developments across countries, the findings suggest that social security reforms have strengthened the financial returns to working at older ages and that these enhanced financial incentives have contributed to the rise in late-life employment.
Book Synopsis Social Security by : Larry W. DeWitt
Download or read book Social Security written by Larry W. DeWitt and published by CQ Press. This book was released on 2008 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Documentary History tells the story of the creation and development of the U.S. Social Security program through primary source documents, from its antecendents and founding in 1935, to the controversial issues of the present. This unique reference presents the complex history of Social Security in an accessible volume that highlights the program's major moments and events.
Book Synopsis Can America Afford to Grow Old? by : Henry Aaron
Download or read book Can America Afford to Grow Old? written by Henry Aaron and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the effects of rising social security costs and of measures adopted to deal with them, and discusses possible ways of coping with the shortfall of available money for the aging American population.
Book Synopsis Report of the National Commission on Social Security Reform by : United States. National Commission on Social Security Reform
Download or read book Report of the National Commission on Social Security Reform written by United States. National Commission on Social Security Reform and published by . This book was released on 1983 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Key Policies for Addressing the Social Determinants of Health and Health Inequities by : Centers of Disease Control
Download or read book Key Policies for Addressing the Social Determinants of Health and Health Inequities written by Centers of Disease Control and published by World Health Organization. This book was released on 2017-09-27 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence indicates that actions within four main themes (early child development fair employment and decent work social protection and the living environment) are likely to have the greatest impact on the social determinants of health and health inequities. A systematic search and analysis of recommendations and policy guidelines from intergovernmental organizations and international bodies identified practical policy options for action on social determinants within these four themes. Policy options focused on early childhood education and care; child poverty; investment strategies for an inclusive economy; active labour market programmes; working conditions; social cash transfers; affordable housing; and planning and regulatory mechanisms to improve air quality and mitigate climate change. Applying combinations of these policy options alongside effective governance for health equity should enable WHO European Region Member States to reduce health inequities and synergize efforts to achieve the United Nations Sustainable Development Goals.
Book Synopsis The Political Economy of Social Security by : B.A. Gustafsson
Download or read book The Political Economy of Social Security written by B.A. Gustafsson and published by Elsevier. This book was released on 2016-01-26 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many western countries with slow economic growth and population growth the increasing cost of the social security system is a concern. The contributions in this volume address this issue from various angles, theoretically as well as empirically and also taking into account institutional conditions. This book discusses current social security policy issues and related research from a number of western countries. Papers include the following subjects: - Recent policy changes in the UK and the Federal Public of Germany - Distributional effects of social security - Public choice models of social security - Economic incentive effects of unemployment insurance and occupational pensions - The macroeconomic effects of the growth of benefits and their financing
Book Synopsis The Economic Effects of Aging in the United States and Japan by : Michael D. Hurd
Download or read book The Economic Effects of Aging in the United States and Japan written by Michael D. Hurd and published by University of Chicago Press. This book was released on 2007-12-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to falling fertility rates, the aging of the baby-boom cohort, and increases in life expectancy, the percentage of the population that is elderly is expected to increase rapidly in the United States and Japan over the next two decades. These fourteen essays show that, despite differences in culture and social and government structure, population aging will have many similar macro and micro effects on the economic status and behavior of the elderly in both countries. The most obvious effects will be on social programs such as public pension systems and the provision for medical needs of the elderly. But, the contributors demonstrate, aging will also affect markets for labor, capital, housing, and health care services. It will affect firms through their participation in the demand side of the labor market and through their provisions for pensions. And aging will influence saving rates, the rate of return on assets, the balance of payments, and, most likely, economic growth. This volume will interest scholars and policy makers concerned with the economics of aging.
