…is well established that correlations between endogenous variables tell us little about the underlying structural relationships. I wish to thank Michael for this contribution and hope our readers enjoy it….

…in the labor force participation rate – with Brad’s contribution being that compensation has not increased as fast as productivity, which he interprets as a signal that the demand for…

…know that they are affluent and can afford these benefit cuts (and continuing to pay the 12.4% payroll contribution). These defenses of the Pozen plan strike me as the modern…

…leave the 12.4% “contribution” rate in place but gut the benefits. So in effect, the Heritage Foundation is supporting a plan that would be a backdoor employment tax increase on…

…were giving more sober readings of the current oil market. My contribution to this discussion draws from the Energy Information Agency and its Annual Energy Outlook 2005 with Projections to…

…the lockbox but still maintain the 12.4% payroll contribution is nothing more than a backdoor employment tax on young people. But back to Dr. Smetters. As George W. Bush had…

…Mankiw-esque reason why national savings might fall so let me note the few line: If holders of defined-contribution private accounts regard them as close substitutes for their other assets in…

Greenspan first calls for cutting Social Security benefits, which would mean part of that 12.4% payroll contribution would become a pure and simple backdoor employment tax increase. Now Greenspan calls…

…accounts — does nothing to address the shortfall in that system. And his “contribution” to solving the more pressing crisis in Medicare has been to add an unaffordable prescription drug…

…maintain this “payroll contribution” to the Trust Fund as it strips away the promised retirement benefit for middle- and lower- class workers. Paying the same level of taxes and having…