Scribd Logo
Upload

Welcome to Scribd!

  • 7 views

    p18 PDF

    Uploaded by

    penelopegerhard
    This document discusses social security and retirement. It examines how social security works over time and redistributes wealth in practice. It analyzes whether social security is effective at smoothing consumption and how it impacts private savings and the living standards of the elderly. The document also looks at empirical evidence on how social security affects retirement behavior and savings. Finally, it explores reforms to social security programs and different proposals for reforming the social security system.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    p18 PDF

    Uploaded by

    penelopegerhard
    7 views1 page
    This document discusses social security and retirement. It examines how social security works over time and redistributes wealth in practice. It analyzes whether social security is effective at smoothing consumption and how it impacts private savings and the living standards of the elderly. The document also looks at empirical evidence on how social security affects retirement behavior and savings. Finally, it explores reforms to social security programs and different proposals for reforming the social security system.

    Original Title

    p18.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses social security and retirement. It examines how social security works over time and redistributes wealth in practice. It analyzes whether social security is effective at smoothing consumption and how it impacts private savings and the living standards of the elderly. The document also looks at empirical evidence on how social security affects retirement behavior and savings. Finally, it explores reforms to social security programs and different proposals for reforming the social security system.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    7 views1 page

    p18 PDF

    Uploaded by

    penelopegerhard
    This document discusses social security and retirement. It examines how social security works over time and redistributes wealth in practice. It analyzes whether social security is effective at smoothing consumption and how it impacts private savings and the living standards of the elderly. The document also looks at empirical evidence on how social security affects retirement behavior and savings. Finally, it explores reforms to social security programs and different proposals for reforming the social security system.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    How Does Social Security Work Over Time?

    359
    Application: Ida May Fuller 360
    How Does Social Security Redistribute in Practice? 362

    13.2 Consumption-Smoothing Benefits


    of Social Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 364
    Rationales for Social Security 364
    Does Social Security Smooth Consumption? 365
    Social Security and Private Savings 366
    Living Standards of the Elderly 366

    13.3 Social Security and Retirement . . . . . . . . . . . . . . . . . 367


    Theory 367
    Empirical Evidence: Measuring the Crowd-Out Effect of Social
    Security on Savings 368
    Evidence 369
    Application: Implicit Social Security Taxes and Retirement Behavior 372
    Implications 374

    13.4 Social Security Reform . . . . . . . . . . . . . . . . . . . . . . 374


    Reform Round I: The Greenspan Commission 375
    Application: The Social Security Trust Fund and National Savings 376
    Incremental Reforms 377
    Fundamental Reforms 379
    Application: Company Stock in 401(k) Plans 383
    Application: Mixed Proposals for Social Security Reform 384

    13.5 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 385

    Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 385

    Questions and Problems . . . . . . . . . . . . . . . . . . . . . . . . . . 386

    Advanced Questions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 387

    CHAPTER 14 Unemployment Insurance, Disability


    Insurance, and Workers Compensation . . . . . . . . . . . . . . 389
    14.1 Institutional Features of Unemployment
    Insurance, Disability Insurance,
    and Workers Compensation . . . . . . . . . . . . . . . . . . . . . . . 391
    Institutional Features of Unemployment Insurance 391
    Institutional Features of Disability Insurance 393
    Institutional Features of Workers Compensation 394
    Comparison of the Features of UI, DI, and WC 395
    Application: The Duration of Social Insurance Benefits Around the World 396

    14.2 Consumption-Smoothing Benefits


    of Social Insurance Programs . . . . . . . . . . . . . . . . . . . . . . . 397

    xvi

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy