Analysis and discussion of Social Security policy are usually based on expected fiscal and societal outcomes. However, future demographic and economic trends are uncertain, and thus ultimate outcomes for aggregate system financial flows and the distribution of taxes and benefits across generations are uncertain. This paper analyzes a…

Policy discussions about teacher quality and teacher "shortages" often focus on recruitment and retention of young teachers. However, attention has begun to focus on the incentive effects of teacher retirement benefit systems, particularly given their rising costs and the large unfunded liabilities. In this paper we analyze accrual of…

This document presents witness testimonies and prepared statements from the Congressional hearing called to examine the removal of the mandatory retirement age by taking the cap off of employees in the private sector through the passage of H.R. 4154. Opening statements are included from Congressmen Pepper and Martinez. Arthur Flemming, the…

Social security systems in many countries have reached or may soon reach a state of crisis in terms of funding old age pension and other benefits. A reassessment of the appropriate role of public pension provision in the total income flow available to retirees is needed. (JOW)

The baby boom generation faces added uncertainty on their investments and perhaps lower realized rates of return on all components of their retirement savings, primarily because of their large number. Effects will be felt in the Social Security system and by pension plans and private investors. Individuals, employers, pension fund managers, and…

Papers included are as follows: "An Overview" (Ross); "The Outlook for Social Security in the Wake of the 1983 Amendments" (Munnell); "The Economics of Aging: Doomsday or Shangrila?" (Schulz); "Retirement Incentives--the Carrot and the Stick. (Why No One Works beyond 65 Anymore)" (Quinn); "Inflation and…

A study analyzed the changing nature of older persons in the labor force, factors that may affect their work decisions, and policy changes that could facilitate their continuation or reentry into the work force beyond the normal retirement age. Data examined during the survey indicate that while the number of people aged 65 and older is continuing…

Discusses current and future economic issues and the need for an aging population to claim benefits from the income of younger workers. Highlights include pensions, social security, Medicare, and Medicaid; demographic trends and how markets and politics respond to change; and implications for the future. (LRW)

Examines the Social Security benefit inequities between male and female workers and between one- and two-earner families and traces the cause of such disparities. Discusses the evolution of today's Social Security System and presents two proposals for a possible reform of the system. (CT)

Explores ramifications of a number of economic and societal factors on retirement policy. Factors considered are (1) inflation, (2) age discrimination legislation, (3) retirement income sources, (4) demographics, (5) overextending funds, (6) elimination/retention of mandatory retirement legislation, and (7) future alternatives. (CSS)

A model for examining the two basic approaches of encouraging later retirement is presented in which the coercive approach relies primarily on negative incentives such as benefit reductions, and the voluntary approach encourages continued employment through positive incentives and increased employment opportunities. The degree to which these…

This document's seven papers examine compensation and employment risk in the United States and Canada. "Introduction" (John A. Turner) discusses compensation risk bearing in labor markets. "Wage and Job Risk for Workers" (John A. Turner) explores the problems of macroeconomic instability, job turnover, job and earnings…