English, Article edition: The US Social Security System: What Does Political Sustainability Imply? Vincenzo Galasso

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/112601
Physical Description
  • article
Language
  • English

Edition details

Title
  • The US Social Security System: What Does Political Sustainability Imply?
Author
  • Vincenzo Galasso
Physical Description
  • article
Notes
  • This paper examines how political constraints can shape the social security system under different demographics. A steady state mapping between relevant economic and demographic variables and the social security tax rate resulting from a majority voting is provided. I calibrate an OLG model to the US economy. Calculations using Census population and survival probabilities projections, and 1961-96 labor productivity growth deliver a social security tax rate of 13.3% (currently 11.2%), and a 54% replacement ratio (51.7%). This result reflects the median voter's aging, from 44 to 46 years, which dominates the decrease in the dependency ratio, from 5.45 to 4.72. (Copyright: Elsevier)
  • unfunded social security system, political equilibria, labor productivity
  • RePEc:red:issued:v:2:y:1999:i:3:p:698-730
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment