...led an increasing number of observers to conclude that social security is in urgent need of reform. This system serves two major goals: to replace income...support as well as important policy justifications. For example, imperfections in the private annuities market and imperfect foresight regarding future...

...security's long-run financial problems The old age component of Social Security is intended to achieve two major goals: to replace income lost at retirement...to provide minimum income support for the aged. The second of these, sometimes called the transfer or welfare goal of the System, aims at providing some...

...security's long-run financial problems The old age component of Social Security is intended to achieve two major goals: to replace income lost at retirement...to provide minimum income support for the aged. The second of these, sometimes called the transfer or welfare goal of the System, aims at providing some...

...SECURITY'S LONG-RUN FINANCIAL PROBLEMS The old age component of Social Security is intended to achieve two major goals: to replace income lost at retirement and to provide minimujm income support for the aged. The second of these, sometimes called the transfer or welfare...

...SECURITY'S LONG-RUN FINANCIAL PROBLEMS The old-age component of social security is intended to achieve two major goals: To replace income lost at retirement,...to provide minimum income support for the aged. The second of these, sometimes called the transfer or welfare goal of the system, aims at providing some...

...number of observers to conclude that social security is in urgent need of reform. This system serve two major goals: to replace income lost at retirement,...support as well as important policy justifications. For example, imperfections in the private annuities market and imperfect foresight regarding future...