Tag: retirement income
Abstract In December 2001 the President’s Commission to Strengthen Social Security published a report describing plans to reform Social Security through the introduction of new, privately managed, defined-contribution pension accounts. The new accounts are to be financed by diverting a portion of payroll taxes that are now used to finance pensions under the existing defined-benefit…
Abstract The purpose of this paper is to review the recent evidence on the antipoverty effectiveness and other characteristics of income maintenance for the elderly in the rich nations of the world. As they move toward Social Security reform due to worldwide population aging, strategies to reduce the future Social Security deficit in most nations…
