Archive: Lawrence H. Thompson
Reform Model Two of the President’s Commission to Strengthen Social Security: Distributional Outcome
Abstract This project uses dynamic microanalytic simulation techniques to explore the distributional consequences of Plan 2 of the President’s Commission to Strengthen Social Security. This plan includes a voluntary personal account that would be “carved out” of currently-scheduled benefit contributions, a new minimum benefit, and an increase in widow(er)s benefits. It also shifts the current…
Simulating the Distributional Consequences of Personal Accounts: Sensitivity to Annuitization Option
Abstract Recent Social Security reform efforts focus predominantly on the establishment of personal retirement accounts either to supplement or partially replace the current Social Security program. An important issue related to these personal accounts is whether they will redistribute income and how any redistribution compares to that under the current Social Security system. The answer…
