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Social Security

ISBN-10: 0844772089
ISBN-13: 9780844772080
Edition: 2011
Authors: Andrew G. Biggs
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Book details

List price: $6.95
Copyright year: 2011
Publisher: Rowman & Littlefield Publishers, Incorporated
Publication date: 11/16/2011
Binding: Paperback
Pages: 84
Size: 4.75" wide x 6.25" long x 0.25" tall
Weight: 0.176
Language: English

List of Illustrations
Introduction
Why Do We Have a Social Security Program?
Additional Criteria for Success
How Does Social Security Work?
The Benefit Formula
Financing
The Philosophy behind Social Security Financing
The Social Security Trust Fund
What Does it Mean to "Save the Surplus"?
Why Does Social Security Need Reform?
Conventional Wisdom: Demographics
Alternate View: Legacy Debt
The Costs of Complexity
How Should We Fix Social Security?
Separating Legacy Costs from Ongoing Costs
Universal Retirement Saving Accounts
Flat Benefit for Low Earners
Mandatory Annuitization
What a Reformed Social Security Program Might Look Like
Concluding Remarks
Endnotes
About The Author
List of Illustrations
Historical Employee and Employer Combined Social Security Payroll Tax Rate
Social Security Taxable Earnings as a Percentage of Total Covered Earnings

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