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This working paper argues that pension funds should adopt a funding principle that is consistent with a return on holdings conditional on the state of the stock market. As will be shown, the expected “conditional rate of return” used in making this assessment will vary depending on the...
Persistent link: https://www.econbiz.de/10009649734
of several policies that seek to address job quality, including universal health insurance, a universal retirement system …
Persistent link: https://www.econbiz.de/10010667720
employer-provided health insurance, and an employer-sponsored retirement plan – has actually declined. This paper looks at this …
Persistent link: https://www.econbiz.de/10010681103
The U.S. workforce is substantially older and better-educated than it was at the end of the 1970s. The typical worker in 2010 was seven years older than in 1979. In 2010, over one-third of US workers had a four-year college degree or more, up from just one-fifth in 1979. Given that older and...
Persistent link: https://www.econbiz.de/10010561374
insurance; and has no employer-sponsored retirement plan. By our calculations, about 24 percent of U.S. workers were in a bad …
Persistent link: https://www.econbiz.de/10010569385
When most workers look at their pay stubs, they can see that the Social Security payroll tax rate is 12.4 percent – with the employee and employer each paying 6.2 percent. But many workers do not know that any annual wages above $106,800 are not taxed by Social Security. In other words, a...
Persistent link: https://www.econbiz.de/10009293653
lower benefits. Since the vast majority of retirees rely on Social Security for the bulk of their retirement income, this …
Persistent link: https://www.econbiz.de/10009322492
government should strengthen Social Security in ways that increase the retirement security of middle- and working-class Americans …. Particular attention should be paid to improving the living standards in retirement of workers in poorly compensated jobs, who … typically have little or no retirement savings outside of Social Security. Some recent proposals to cut Social Security would …
Persistent link: https://www.econbiz.de/10009359468
The Social Security payroll tax cap is the earnings level above which no further Social Security taxes are collected. The cap is currently at $110,100, though legislation has been introduced in Congress to apply the Social Security payroll tax to earnings above $250,000 (but not between the...
Persistent link: https://www.econbiz.de/10010550996
There have been a number of proposals in policy circles that involve raising the Social Security retirement age. This … increases in longevity. This paper examines the impact of an increase in the retirement age on various demographic groups … retirement age from 67 to 70 (2 months a year for 18 years) on each quintile of the wealth distribution using data from the …
Persistent link: https://www.econbiz.de/10010556771