Social Security

Robert Brown

North American Actuarial Journal, 1998, vol. 2, issue 2, 1-23

Abstract: The evidence is growing that a positive correlation exists between income levels and longevity. In short, high-income earners live longer. That also means that high-income earners get larger retirement-income security benefits from social security. This correlation raises the following questions: If social security contributions are a level percentage of earnings and high-income earners live longer and receive larger social security benefits, then is social security regressive?If higher income actually causes enhanced longevity, then would providing more social security benefits enhance population life expectancy?This paper analyzes both the Old-Age, Survivors, and Disability Insurance (OASDI) system of the U.S. and the Canada/Quebec Pension Plans (C/QPP) in Canada to determine whether these systems are “a good deal” and whether they are regressive or progressive as defined above.

Date: 1998
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DOI: 10.1080/10920277.1998.10595687

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