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Securing Social Security: Sensitivity to Economic Assumptions and Analysis of Policy Options

Author

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  • Ackerman, Frank
  • Roach, Brian A.

Abstract

Revamping the Social Security program has become a domestic policy priority of the Bush administration. The President has stated that the system is facing a “crisis†and will be “bankrupt†in 2041. His proposal to change Social Security is centered on the introduction of private accounts that would allow workers to direct a share of their Social Security taxes into investments such as stocks and bonds. In this paper we consider whether Social Security is really facing a crisis and whether any potential future shortfalls could be remedied without changing the basic structure of the existing program.
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Suggested Citation

  • Ackerman, Frank & Roach, Brian A., 2005. "Securing Social Security: Sensitivity to Economic Assumptions and Analysis of Policy Options," Working Papers 15572, Tufts University, Global Development and Environment Institute.
    • Handle: RePEc:ags:tugdwp:15572
    DOI: 10.22004/ag.econ.15572
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    Cited by:

    1. Maria Teresa Medeiros Garcia & André Fernando Rodrigues Rocha da Silva, 2019. "Assessing Pension Expenditure Determinants – the Case of Portugal," Working Papers REM 2019/68, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    2. Giambiagi, Fabio & Afonso, Luís Eduardo, 2009. "Cálculo da Alíquota de Contribuição Previdenciária Atuarialmente Equilibrada: uma Aplicação ao Caso Brasileiro," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 63(2), June.
    3. Maria Teresa Medeiros Garcia & André Fernando Rodrigues Rocha da Silva, 2023. "Pension expenditure determinants: the case of Portugal," Public Sector Economics, Institute of Public Finance, vol. 47(2), pages 177-203.

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    Keywords

    Agricultural and Food Policy;

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