Show simple item record

Stochastic Rates of Return for Social Security Under Various Policy Scenarios

dc.contributor.authorAnderson, Michael W.
dc.contributor.authorYamagata, Hisashi
dc.contributor.authorTuljapurkar, Shripad
dc.date.accessioned2007-04-26T15:36:37Z
dc.date.available2007-04-26T15:36:37Z
dc.date.issued2001-05
dc.identifier.urihttps://hdl.handle.net/2027.42/50610
dc.description.abstractIn this paper, we compute distributions of rates of return by cohort for the Social Security retirement system, using a combination of historical data and stochastic forecasts of productivity and mortality rates. Since our forecasts of productivity and mortality are stochastic, the rate-ofreturn estimates themselves are stochastic; that is, we compute an entire distribution of rates for each cohort. We repeat these calculations under a variety of policy scenarios designed to bring the trust fund into future solvency with roughly 50% probability. This allows us to examine the impact of various schemes on different cohorts. Policies which delay reform the longest and impact taxpayers the greatest dramatically concentrate the impact of reform on the youngest cohorts. Reforms which are more immediate and focused on retirees tend to spread the cost of reform across generations more evenly.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent586228 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherMichigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104en
dc.relation.ispartofseriesWP 2001-010en
dc.titleStochastic Rates of Return for Social Security Under Various Policy Scenariosen
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationotherMountain View Researchen
dc.contributor.affiliationotherDepartment of Demography, UC Berkeleyen
dc.contributor.affiliationotherStanford Universityen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/50610/1/wp010.pdfen_US
dc.owningcollnameRetirement and Disability Research Center, Michigan (MRDRC)


Files in this item

Show simple item record

Remediation of Harmful Language

The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.

Accessibility

If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.