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The present Social Security program bears some resemblance to an insurance program in that there is some positive, though weak, correlation between the taxes people pay and the benefits they receive...
Introduction When the Greenspan Commission on Social Security Reform took up its historic mission, the nation faced two major Social Security problems, a short-run problem and a long-run problem. T...
There can be no doubt that during the four and a half decades of its existence the Social Security program has had a dramatic influence on the allocation of capital and labor resources. The present ...
There are two views on Social Security reform, both ofthem ardently held and widespread. Oneis that the system is not in any fundamental difficulty and needs only piecemeal modification. The other, ...
Criticisms of the conceptual basis and actual operations of the Social Security system are extensive and severe. The system is on the verge of bankruptcy. Unless projected henefits are curbed, it p...
It is well known that the Social Security system embodies two basic functions: welfare and insurance. Another well-known fact, which is often ignored in popular and academic discussions of Social S...
Social Security is the major source of income support for retirement in the United States; the Old-Age, Survivors, and Disability Insurance programs (OASDI) will pay benefits of approximately $170 ...
Introduction Over the past 15 to 20 years, economists have offered a wide range of proposals for “radical reform of Social Security, where “radicalis taken to imply either the explicit financing...
Econorrnsts are professionally trained to search out and to discover alleged inefficiencies in institutional arrangements, public and/or private. Further, once alleged inefficiencies are located, ec...
Shortly after the inauguration, the Reagan administration faced a crisis in Social Security, despite the 1977 amendments that President Carter promised would make Social Security sound through the t...
I. Introduction In recent decades Social Security has been a fount ofperiodic fiscal crises, each more seyere than the previous. Within the economics profession there has been no shortage of propos...

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