Winners and Losers Under Various Approaches to Slowing Social Security Benefit Growth

Amy Rehder Harris and Michael Simpson

National Tax Journal, 2005, vol. 58, issue 3, 523-43

Abstract: Under current projections, payroll tax revenues and accumulated interest in the Social Security trust fund will be insufficient to pay scheduled benefits when workers entering the labor force today reach retirement age. Given this outlook, three policy options for slowing future benefit growth are considered. Each achieves sustainable solvency according to the Flat Fund Ratio criterion. Winners and losers across birth cohorts and income groups are identified under reforms including immediate and permanent benefit cuts, linking benefits to life expectancy and limiting initial benefit growth to price rather than wage inflation. Reforms are considered with and without a minimum benefit.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://doi.org/10.17310/ntj.2005.3.14 (application/pdf)
https://doi.org/10.17310/ntj.2005.3.14 (text/html)
Access is restricted to subscribers and members of the National Tax Association.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:58:y:2005:i:3:p:523-43

Access Statistics for this article

National Tax Journal is currently edited by Stacy Dickert-Conlin and William M. Gentry

More articles in National Tax Journal from National Tax Association, National Tax Journal Contact information at EDIRC.
Bibliographic data for series maintained by The University of Chicago Press ().