Saving Social Security
- (pp. 11-32)
AbstractSocial Security is one of America's most successful government programs. It has helped millions of Americans avoid poverty in old age. To be sure, the program faces a long-term deficit and is in need of updating. But Social Security's long-term financial health can be restored: the projected deficit is small enough that it can be eliminated through a progressive reform that combines modest benefit reductions and revenue increases.
CitationDiamond, Peter, A., and Peter R. Orszag. 2005. "Saving Social Security." Journal of Economic Perspectives, 19 (2): 11-32. DOI: 10.1257/0895330054048722
- H55 Social Security and Public Pensions
- J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination