The Resource Alternative methods of price indexing social security : implications for benefits and system financing

Alternative methods of price indexing social security : implications for benefits and system financing

Label
Alternative methods of price indexing social security : implications for benefits and system financing
Title
Alternative methods of price indexing social security : implications for benefits and system financing
Creator
Subject
Language
eng
Summary
This paper explains four methods of "price indexing" initial Social Security retirement benefits, and discusses the effect of each method on the fiscal sustainability of Social Security, benefit levels and replacement rates, redistribution, and sensitivity of system finances to demographic and economic shocks. Of these methods, Primary Insurance Amount (PIA) Factor Indexing would generate the largest cost savings while reducing benefit growth at approximately an equal rate for all income levels. Methods that index the Average Indexed Monthly Earnings (AIME), the formula "bend points," or both, would reduce benefit growth at a slower rate and would have different effects on benefit distribution and system sustainability
Citation source
In: National tax journal. - Washington. - Vol. LVIII (2005), no. 3 ; p. 483-504
http://library.link/vocab/creatorName
  • Biggs, A.G
  • Brown, J.R. (Jeffrey)
  • Springstead, G
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • social security
  • index-linked adjustment
Label
Alternative methods of price indexing social security : implications for benefits and system financing
Instantiates
Publication
Label
Alternative methods of price indexing social security : implications for benefits and system financing
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...