The Hamilton Project at the Brookings Institution was established to foster policy innovation from leading economic thinkers—ideas based on evidence and experience, not ideology and doctrine. The overall goal is to promote America's long-term economic growth, and economic security for American...

Front Cover; Copyright Information; Table of Contents; Foreword; Path to Prosperity; Part 1: Enhancing Economic Security; Fundamental Restructuring of Unemployment Insurance: Wage-Loss Insurance and Temporary Earnings Replacement Accounts; Reforming Unemployment Insurance for the...

Abstract The President's Commission to Strengthen Social Security proposed three plans for reforming Social Security. All of them would create individual accounts financed by diverting funds from the Social Security Trust Fund. One of the three Commission proposals (Model 1) would not restore...

Under reasonable projections, the unified budget deficits over the next decade will average 3.5 percent of GDP. Compared to a balanced budget, the unified budget deficits will reduce annual national income a decade hence by 1 to 2 percent (or roughly $1,500 to $3,000 per household per year, on...