Tag: Social Security trust fund
Abstract This study draws lessons for the debate about the proposed partial privatization of Social Security in the United States based on evidence from the United Kingdom. The British case suggests that privatization may lead to a reduction in the pension burden on the national budget if combined with substantial cuts in benefits. Such reforms…
Introduction Understanding the relationship between Social Security and the rest of the budget can help to clarify the program’s current and future financial situation. The trust fund’s Treasury bonds are tangible assets for the program, but their redemption will require other budgetary tradeoffs. Lockbox proposals such as the ones proposed in Congress could help promot…
