Social Security

Comparing Proposals for Social Security Reform

This study uses a simulation model to evaluate a number of proposals to reform the Social Security system. Our analysis is sufficiently broad to allow us to form some general conclusions about the pro…

Five Principles of Social Security Reform

Politicians in both major parties now recognize that the existing Social Security system is unsustainable and must be reformed. The following are five principles that should govern our thinking about…

Would a Private Social Security System Be Good for the Disabled?

Social Security is not just a retirement system; it is social insurance that also provides disability income for individuals who are injured and cannot work, as well as a death benefit and survivors b…

The Language of Social Security Reform

Introduction The debate over Social Security reform has evolved significantly over the past few years - and especially the past few months. Almost everyone agrees that Social Security is in financial…

Divorce and Social Security

The debate over Social Security reform has for the most part ignored the inequities in how the system treats families. These inequities derive from the adjustments that Social Security makes to benefi…

Administering Private Social Security Accounts

As an alternative to the current pay-as-you-go Social Security system, many reform plans would allow individuals to invest a portion of their payroll tax dollars in private investment accounts. Critic…

Should the Federal Government Invest Social Security Trust Funds?

In his State of the Union address, President Clinton proposed that "we commit 60 percent of the budget surplus for the next 15 years to Social Security, investing a small portion in the private sector…

Privatizing Social Security in Latin America

Chile, the first nation in the Western Hemisphere to establish a social security system, was the first nation in the world to privatize its system. Since Chile instituted a privatized system in 1981,…