Social Security: A Fresh Look at Policy Alternatives - Hardcover

Gokhale, Jagadeesh

 
9780226300337: Social Security: A Fresh Look at Policy Alternatives

Inhaltsangabe

Many of us suspect that Social Security faces eventual bankruptcy. But the government projects its future finances using long outdated methods. Employing a more up-to-date approach, Jagadeesh Gokhale here argues that the program faces insolvency far sooner than previously thought.

To assess Social Security&;s fate more accurately under current and alternative policies, Gokhale constructs a detailed simulation of the forces shaping American demographics and the economy to project their future evolution. He then uses this simulation to analyze six prominent Social Security reform packages&;two liberal, two centrist, and two conservative&;to demonstrate how far they would restore the program&;s financial health and which population groups would be helped or hurt in the process.

Arguments over Social Security have raged for decades, but they have taken place in a relative informational vacuum; Social Security provides the necessary bedrock of analysis that will prove vital for anyone with a stake in this important debate.

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Über die Autorin bzw. den Autor

Jagadeesh Gokhale is a senior fellow at the Cato Institute, coauthor of Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities, and a member of the Social Security Advisory Board.

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