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Reform Model Two of the President’s Commission to Strengthen Social Security: Distributional Outcome

Working Paper by Melissa M. Favreault, Joshua H. Goldwyn, Karen E. Smith, Lawrence H. Thompson, Cori E. Uccello, and Sheila R. Zedlewski

August 1, 2004

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…

Cheerful senior man at home looking at his mail

Should We Raise Social Security’s Earliest Eligibility Age?

Issue Brief by Alicia H. Munnell, Kevin B. Meme, Kevin E. Cahill, and Natalia Jivan

June 1, 2004

Introduction Social Security’s Earliest Eligibility Age (EEA) allows one to claim reduced benefits as early as age 62. For full benefits, individuals must wait until the Normal Retirement Age (NRA), which was traditionally 65 but is gradually increasing to 67. So, Americans have a choice to make when they reach their early 60s: claim a…

Supply-Side Consequences of Social Security Reform: Impacts on Saving and Employment

Working Paper by Barry P. Bosworth and Gary Burtless

January 1, 2004

Tag: Social Security reform

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