Saving the Surplus

Studies | Social Security

No. 241
Wednesday, January 31, 2001
by Dr. Liqun Liu, Dr. Andrew J. Rettenmaier, and Thomas R. Saving


About the Authors

Dr. Liqun Liu is an Assistant Research Scientist at the Private Enterprise Research Center (PERC) at Texas A&M University. His primary research areas are taxation analysis and evaluation of government expenditures. His current focus is on the effects of reforming elderly entitlements. Dr. Liu serves as an investigator on several research grants at PERC. He has papers published or accepted for publication in National Tax Journal, Economic Inquiry, Journal of Institutional and Theoretical Economics and Review of Economic Design. He also has served as a referee for Economic Inquiry and has presented his research at many academic and public policy conferences.

Dr. Andrew J. Rettenmaier is a Research Associate at the Private Enterprise Research Center. His primary research areas are labor economics and public policy economics. Dr. Rettenmaier and the Center's Director, Thomas R. Saving, have presented their Medicare reform proposal to U.S. Senate subcommittees and to the National Bipartisan Commission on the Future of Medicare. Their proposal has also been featured in the Wall Street Journal, New England Journal of Medicine, Houston Chronicle and Dallas Morning News. Dr. Rettenmaier is the co-principal investigator on several research grants and also serves as the editor of the Center's two newsletters, PERCspectives on POLICY and PERCspectives. He is coauthor of a book on Medicare, The Economics of Medicare Reform, and is an editor of Medicare Reform: Issues and Answers, which is forthcoming from the University of Chicago Press.

Dr. Thomas R. Saving is the Director of the Private Enterprise Research Center at Texas A&M University. A University Distinguished Professor of Economics at Texas A&M, he also holds the Jeff Montgomery Professorship in Economics. Dr. Saving is a newly named trustee of the Social Security and Medicare Trust Funds. His research has covered the areas of antitrust and monetary economics, health economics, the theory of the banking firm and the general theory of the firm and markets. He has served as a referee or as a member of the editorial board of the major U.S. economics journals and is currently an editor of Economic Inquiry. Dr. Saving has authored many articles and two influential books on monetary theory. He has been president of both the Western Economics Association and the Southern Economics Association. After receiving his Ph.D. in Economics in 1960 from the University of Chicago, Dr. Saving served on the faculties of the University of Washington and Michigan State University, moving to Texas A&M in 1968. Dr. Saving served as chairman of the Department of Economics at Texas A&M from 1985-1991.


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