Tag: Social Security reform
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…
Introduction Transforming Social Security’s delayed retirement credit into a lump-sum payment rather than an increased monthly payment would likely encourage more workers to defer retirement and benefit claiming. The idea is thus worthy of further exploration. Several important design issues, however, must be addressed before policymakers give serious consideration to the reform. The most problematic…
