This project uses dynamic microanalytic simulation techniques to explore the distributional consequences of Plan 2 of the President's Commission to Strengthen Social Security. This plan includes a voluntary personal account that would be carved out of currently-scheduled benefit contributions, a...

Recent Social Security reform efforts focus predominantly on the establishment of personal retirement accounts either to supplement or partially replace the current Social Security program. An important issue related to these personal accounts is whether they will redistribute income and how any...

Recent Social Security reform efforts focus predominantly on the establishment of personal retirement accounts either to supplement or partially replace the current Social Security program. An important issue related to these personal accounts is whether they will redistribute income and how any...

The Division of Policy Evaluation (DPE) at the Social Security Administration (SSA) is developing a model to evaluate the distributional effects of Social Security policy changes. The model is referred to as Modeling Income in the Near Term, or MINT, because the project sought to develop within...

The risk of falling into poor health, losing the ability to work or live independently, becoming widowed, and experiencing other negative events that threaten financial security increase with age. This report computes the incidence of these negative events at older ages and examines their impact...

The conversion of traditional defined benefit plans to cash balance plans is among the most controversial aspects of pension policy today. Because the controversy has focused on the treatment of older workers, however, the debate has generally ignored the long–term implications for retirement...

The risk of falling into poor health, losing the ability to work or live independently, becoming widowed, and experiencing other negative events that threaten financial security increase with age. This report computes the incidence of these negative events at older ages and examines their impact...