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来源类型Working Paper
规范类型报告
DOI10.3386/w11060
来源IDWorking Paper 11060
Measuring Social Security's Financial Problems
Jagadeesh Gokhale; Kent Smetters
发表日期2005-01-17
出版年2005
语种英语
摘要The U.S. Social Security system has helped keep many retirees out of poverty. However, according to the Social Security and Medicare Trustees, Social Security faces a future financial shortfall of $10.4 trillion in present value. This enormous imbalance has received little attention in public debates about Social Security. Instead, the media and policymakers continue to focus on the program's trust fund and several other ad-hoc measures that create a misleading impression of the size of Social Security's financial problem. Although the Social Security Trust Fund is not projected to be exhausted until 2042, Social Security's $10.4 trillion present value imbalance is accruing interest and will grow by $600 billion during 2004 alone. The current cash-flow federal budget, however, is biased against reforms that would improve Social Security's finances. As shown herein, a new federal accounting system would remove this bias.
主题Public Economics ; National Fiscal Issues
URLhttps://www.nber.org/papers/w11060
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/568695
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Jagadeesh Gokhale,Kent Smetters. Measuring Social Security's Financial Problems. 2005.
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