FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125859603> ?p ?o ?g. }

• W3125859603 abstract "This paper analyses the financial impact of Social Security by age cohort under alternative assumptions concerning future financing of Social Security. It examines the Social Security Administration's intermediate IIB and various combinations of optimistic and pessimistic assumptions concerning fertility, mortality, and wage growth. Importantly, it examines the implications of alternative potential resolutions of the long-term financing deficit and scenarios concerning the planned systematic deviation from pay-as-you-go finance in the retirement and disability funds. The results suggest that the Social Security retirement program offers vastly different returns to households in different circumstances, and especially to different cohorts. Most important, if Social Security does not maintain the large retirement trust fund surplus currently projected for the next 30 years, alternative scenarios for return to pay-as-you-go finance differ dramatically in the taxes, benefits, transfers, and real rates of return that can be offered to different birth cohorts. The implications of cutting taxes, raising benefits or diverting the surplus to other purposes have dramatic impact on the overall financial status of the system, the time pattern of taxes, benefits and surpluses or deficits, and therefore, the treatment of different age cohorts. Under the intermediate assumptions, the OASDI surplus is projected to grow almost as large as a fraction of GNP as the current ratio of privately held national debt to GNP. For example, if the OASDI surplus is used to raise benefits, and they remained at higher levels thereafter during the height of the baby-boom generation's retirement, the long-run actuarial deficit will zoom from $500 billion to over $3 trillion. Correspondingly, if benefits increase, financed by the OASDI surplus over the next 30 years, the expected rate of return on lifetime contributions increases for those currently about 40 years old from 1.9% to 2.7%, about a 40% increase. Correspondingly, if the surplus is dissipated and the subsequent long-run deficit is made up with a tax increase on a pay-as-you-go basis at the time of the projected deficit, the rate of return relative to the intermediate assumptions for those persons now being born will fall by about 158, and in this case, the overall system finances would move from a long-run actuarial deficit of slightly under one-half percent of taxable payroll to actuarial balance. Thus, as Social Security is projected to deviate systematically from pay-as-you-go finance, the potential alternative scenarios with respect to accruing the surplus and/or dissipating it in various ways have potentially large intergenerational redistribution effects." @default.
• W3125859603 created "2021-02-01" @default.
• W3125859603 creator A5032309220 @default.
• W3125859603 creator A5083467422 @default.
• W3125859603 date "1987-04-01" @default.
• W3125859603 modified "2023-09-27" @default.
• W3125859603 title "The Financial Impact of Social Security by Cohort Under Alternative Financing Assumptions" @default.
• W3125859603 doi "https://doi.org/10.3386/w2225" @default.
• W3125859603 hasPublicationYear "1987" @default.
• W3125859603 type Work @default.
• W3125859603 sameAs 3125859603 @default.
• W3125859603 citedByCount "0" @default.
• W3125859603 crossrefType "report" @default.
• W3125859603 hasAuthorship W3125859603A5032309220 @default.
• W3125859603 hasAuthorship W3125859603A5083467422 @default.
• W3125859603 hasBestOaLocation W31258596031 @default.
• W3125859603 hasConcept C10138342 @default.
• W3125859603 hasConcept C120527767 @default.
• W3125859603 hasConcept C144024400 @default.
• W3125859603 hasConcept C149923435 @default.
• W3125859603 hasConcept C162324750 @default.
• W3125859603 hasConcept C2776344727 @default.
• W3125859603 hasConcept C2776444593 @default.
• W3125859603 hasConcept C2777111884 @default.
• W3125859603 hasConcept C2777288899 @default.
• W3125859603 hasConcept C2780899237 @default.
• W3125859603 hasConcept C2908647359 @default.
• W3125859603 hasConcept C34447519 @default.
• W3125859603 hasConceptScore W3125859603C10138342 @default.
• W3125859603 hasConceptScore W3125859603C120527767 @default.
• W3125859603 hasConceptScore W3125859603C144024400 @default.
• W3125859603 hasConceptScore W3125859603C149923435 @default.
• W3125859603 hasConceptScore W3125859603C162324750 @default.
• W3125859603 hasConceptScore W3125859603C2776344727 @default.
• W3125859603 hasConceptScore W3125859603C2776444593 @default.
• W3125859603 hasConceptScore W3125859603C2777111884 @default.
• W3125859603 hasConceptScore W3125859603C2777288899 @default.
• W3125859603 hasConceptScore W3125859603C2780899237 @default.
• W3125859603 hasConceptScore W3125859603C2908647359 @default.
• W3125859603 hasConceptScore W3125859603C34447519 @default.
• W3125859603 hasLocation W31258596031 @default.
• W3125859603 hasLocation W31258596032 @default.
• W3125859603 hasOpenAccess W3125859603 @default.
• W3125859603 hasPrimaryLocation W31258596031 @default.
• W3125859603 hasRelatedWork W1510495549 @default.
• W3125859603 hasRelatedWork W1538151711 @default.
• W3125859603 hasRelatedWork W1589461435 @default.
• W3125859603 hasRelatedWork W2044489914 @default.
• W3125859603 hasRelatedWork W2152101905 @default.
• W3125859603 hasRelatedWork W2168217956 @default.
• W3125859603 hasRelatedWork W231791474 @default.
• W3125859603 hasRelatedWork W2773011017 @default.
• W3125859603 hasRelatedWork W3123461333 @default.
• W3125859603 hasRelatedWork W3123571263 @default.
• W3125859603 hasRelatedWork W3123859169 @default.
• W3125859603 hasRelatedWork W3123971144 @default.
• W3125859603 hasRelatedWork W3124039943 @default.
• W3125859603 hasRelatedWork W3125194461 @default.
• W3125859603 hasRelatedWork W3125719905 @default.
• W3125859603 hasRelatedWork W3143119744 @default.
• W3125859603 hasRelatedWork W3147967149 @default.
• W3125859603 hasRelatedWork W3148491915 @default.
• W3125859603 hasRelatedWork W4143443 @default.
• W3125859603 hasRelatedWork W2556095625 @default.
• W3125859603 isParatext "false" @default.
• W3125859603 isRetracted "false" @default.
• W3125859603 magId "3125859603" @default.
• W3125859603 workType "report" @default.