Social Security retirement benefits have had a dramatic effect on the elderly's economic well-being over the last four decades. Many other facets of federal law have also enhanced the elderly's income security and should not be overlooked, however. Today, the elderly receive income from an...

There is a growing awareness of the aging of populations around the world and the implications for national retirement programs. In most cases, estimates of population aging are based on fixed assumptions about fertility, improvements in life expectancy, and immigration. In most countries,...

This paper examines the impact of the aging demographic structure of the U.S. on its funded private pension system. A 75-year outlook is produced for the pension system corresponding to the 75-year forecast of the Social Security system. The primary result is that the pension system will cease...