Titlebook: Government Spending on the Elderly; Dimitri B. Papadimitriou (President, Jerome Levy P Book 2007 Palgrave Macmillan, a division of Macmill

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Minimum Benefits in Social Securityalternative designs.. As a consequence, the design of a minimum benefit — or, for that matter, of almost all redistributive formulas within Social Security — has seldom been based on any theoretical or empirical notion of exactly what goals are sought and what types of formulaic adjustments would best achieve them.

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The Search for a Feasible Solutionlance survive under longer horizons? If not — that is, if faster economic growth fails to improve or even worsens Social Security’s actuarial balance over very long horizons — failure to enact reforms to make the system sustainable would be a more serious lapse than many policy makers and budget analysts realize.

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Wage Growth and the Measurement of Social Security’s Financial Conditionlance survive under longer horizons? If not — that is, if faster economic growth fails to improve or even worsens Social Security’s actuarial balance over very long horizons — failure to enact reforms to make the system sustainable would be a more serious lapse than many policy makers and budget analysts realize.

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Book 2007This book examines the aging of the US population as a primary domestic public policy issue. An increase in the proportion of the elderly in the total population will potentially result in a significant growth in the number of beneficiaries in major federal entitlement programs, leading to fiscal pressures and challenges for economic growth.

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https://doi.org/10.1057/9780230591448aging; economic growth; fiscal policy; growth; macroeconomics; Welfare; Welfare State

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