Social Security Policy in a Changing EnvironmentJeffrey R. Brown, Jeffrey B. Liebman, David A. Wise 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. |
Contents
| 1 | |
I Innovative Approaches to Social Security Reform | 19 |
II Retirement Plan Choice | 129 |
III Reducing Financial Market Risk in Personal Retirement Accounts | 199 |
IV Demographics Asset Flows and Macroeconomic Markets | 331 |
V Mortality Projections | 421 |
Contributors | 447 |
| 451 | |
| 455 | |
Other editions - View all
Social Security Policy in a Changing Environment Jeffrey R. Brown,Jeffrey B. Liebman,David A. Wise No preview available - 2009 |
Common terms and phrases
accrual accumulation analysis Andrew Samwick annuity asset allocation automatic enrollment balance basis points benchmark benefit formula bonds brake Bureau of Economic calculations certainty equivalent chapter choice cholesterol cohort contribution rate current system David Laibson DB benefits DB plans decile decline defined benefit defined contribution distribution Economic Research effects employees equity returns equity share estimate expected cost expected utility expense ratios Feldstein figure future growth rate guarantee higher households impact income increase individuals investment investment-based Jeffrey Liebman life-cycle funds lifetime match rate mortality National Bureau NBER NDC system obesity optimal option PAAWs PAYGO percent percentile personal accounts personal retirement accounts portfolio PRAs projections rate of return real return reduce retirement wealth risk aversion Samwick savings plan simulations Social Security Administration Social Security reform Social Security system stochastic stocks strategies SURS tax rates tion TIPS traditional benefit workers