Tag: social security financing
European proposal to add public pension implicit debt not relevant to U.S. At a recent OECD meeting on public pensions, I was asked to consider whether public pension implicit debt is a useful measure to assess fiscal sustainability. Apparently with the endorsement of the European System of Accounts 2010, European countries will have to report…
CBO helpful for budget debates, but not for Social Security projections. I seem to be spending a lot of time on Social Security lately, as a barrage of articles, op-eds, and blogs contend that the program is dramatically more generous than we thought and in much worse shape. The most recent missile is Andrew Biggs’…
