…contribution rate as middle-aged folks like myself. Since Bush’s “math” this morning just wore my brain to shreds, I’d love to see Max’s estimate of the return Little Nell would…

…contributions ($25 or $44) and what she got out in undiscounted cash flows ($21,000 or $23,000). While they don’t say what the timing of these cash flows were, they know…

…from a PAYGO scheme to a privatized scheme. David’s point is correct. There are differences between PAYGO systems v. defined contribution systems. There are also differences between pre-funded defined benefits…

…all of the privatization plans I’ve seen discussed would replace Social Security with a defined contribution style system in which the more a person makes, and the luckier that person…

…(as long as contribution periods are also long), their volatility will lead to significant differences in pensions across different retirement cohorts. Simply put – these average real returns are accompanied…

Via Max Sawicky whose latest includes lots of links to economists who might support social cecurity privatization including this contribution from David Altig. As I read David’s very sensible comments,…

The very good discussion of the Social Security issue between Andrew Samwick and Max Sawicky has been extended as Andrew and Max point to this contribution from David Altig. David’s…

…his Figure 1 shows the assets of the Social Security Trust Fund still rising after 2018 when payouts to retirees start to exceed payroll contributions. The reason for this is…

…crediblity. Let me pose this in terms of a hypothetical professor named Jill who started working in 1985 and plans to work until 2025. In our example, Jill’s contribution to…

…cost of health insurance to employees. This has happened: the average worker contribution for a family plan rose by 49 percent between 2000 and 2003, even faster than the growth…