Can Economic Growth Save Social Security?
Here is a fascinating issue. If, because of economic growth, median incomes rise rapidly in the future, won't social security benefits have to be raised as well? As the author explains, growth will create a wealth of new and better goods. Thus, unless the level of social security's real benefits grows at the same rate as the economy, retirees will have to choose between the samesize basket of the goods that growth will have rendered stale and a smaller basket of the new goods. The only way that growth can "save" the social security system is by making retirees poorer.
Year of publication: |
2001
|
---|---|
Authors: | Adler, Moshe |
Published in: |
Challenge. - M.E. Sharpe, Inc., ISSN 0577-5132. - Vol. 44.2001, 5, p. 88-94
|
Publisher: |
M.E. Sharpe, Inc. |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Economics for the rest of us : debunking the science that makes life dismal
Adler, Mosheh Mishel Hallewi, (2010)
-
Adler, Moshe, (2006)
-
Popularity kills the Talentstar? : Einflussfaktoren auf Superstargehälter in der NBA
Prinz, Joachim, (2012)
- More ...