Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
Saving Social Security
Journal of Economic Perspectives
vol. 19,
no. 2, Spring 2005
(pp. 11–32)
(Complimentary)
Abstract
Social Security is one of America's most successful government programs. It has helped millions of Americans avoid poverty in old age. To be sure, the program faces a long-term deficit and is in need of updating. But Social Security's long-term financial health can be restored: the projected deficit is small enough that it can be eliminated through a progressive reform that combines modest benefit reductions and revenue increases.Citation
Diamond, Peter, A., and Peter R. Orszag. 2005. "Saving Social Security." Journal of Economic Perspectives, 19 (2): 11–32. DOI: 10.1257/0895330054048722JEL Classification
- H55 Social Security and Public Pensions
- J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
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