Shows how current social security benefit rules have created a variety of social security net marginal tax rates that differ by age, sex, marital status and income in ways that reduse the equity and efficiency of the social security program.

Suggests that the deadweight burden caused by a tax rate increase depends not only on labor force participation response but also on other dimensions of labor supply (the forms in which compensation is paid; the forms of tax-favored consumption; and intertemporal allocation of consumption.)...

Analysis of data from 1930-1992, reconfirms an earlier study that individuals substitute Social Security benefits for personal saving. Each dollar of Social Security wealth reduces private saving by two to three cents. In the aggregate, Social Security reduces overall private saving by nearly 60...

Presents a method of studying the distributional consequences of corporate tax changes by imputing to individual tax returns the net effect of changes in effective corporate tax rates.

This paper discusses how the effects of taxes on economic behavior are important for revenue estimation, for calculating efficiency effects, and for understanding short–term macroeconomic consequences. The primary focus is on taxes on labor income but some attention is given to taxes on the...

This paper presents several alternative Social Security reform options in which the projected level of benefits for every future cohort of retirees is as high or higher than the benefits projected in current law. These future benefits can be achieved without any increase in the payroll tax or in...

This paper examines the risk aspects of an investment-based defined contribution Social Security plan. We focus on the risk after the plan is fully phased in. Individuals deposit a fraction of wages to a Personal Retirement Account (PRA), invest these funds in a 60:40 equity-debt mix, and in a...