Social Security reforms that include individual accounts change both the expected benefit and the benefit risk. This article uses a long-term stochastic forecasting model to estimate the distribution of expected benefits under a simple individual account, recognizing uncertainties in the current...

Under current projections, payroll tax revenues and accumulated interest in the Social Security trust fund will be insufficient to pay scheduled benefits when workers entering the labor force today reach retirement age. Given this outlook, three policy options for slowing future benefit growth...

Access to information is essential for efficient business operation and social empowerment. Many Asia-Pacific businesses are exposed to international markets while their corresponding information requirements are not well met. Restricted information technology and telecommunications access also...

The Congressional Budget Office Long-Term (CBOLT) policy simulation model was developed to answer budgetary and distributional questions about Social Security, Medicare, and other long-term policy issues. CBOLT has three distinct solution modes for making projections: static simulations with a...

The cost of the Medicare program will increase dramatically as the baby boom generation reaches retirement. Results from the Congressional Budget Office Long-Term Model (CBOLT) indicate that Medicare costs will equal more than 9 percent of GDP by 2078. This paper considers the impact of...

There has been considerable debate in Australia concerning the social and economies effects of telecommunications carrier investment in broadband network infrastructure. Whether particular groups within networked communities are unable or unwilling to subscribe to broadband services is an...