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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