The 21st Century Retirment Security Plan: Final Report of the National Commission on Retirement Policy

RetirementPolicyFinalReport.pdf: 3464 downloads, before Oct. 1, 2020

Can America Afford to Retire?

RetirementPolicyCanAmericaAffordtoRetire.pdf: 684 downloads, before Oct. 1, 2020

The role of earnings and financial risk in distributional analyses of Social Security reform measures

The Social Security Trustees project that the Social Security program faces longterm financing difficulties. Several proposals that have been offered to shore-up the finances of the Social Security program would create individual retirement accounts funded with part of the payroll tax. The authors of many of these proposals claim that future beneficiaries will be better off under their new system than under the current system. This study examines the consequences of differing earnings patterns and year-to-year differences in asset returns have for Social Security retired worker benefits in three Social Security reform proposals. Incorporating both actual earnings histories and variation in asset returns shows that none of the three individual account plans can always deliver benefits that are higher than payable current-law benefits. © 2006 by the Association for Public Policy Analysis and Management