Social Security Reform

Paper Summary:

This paper investigates and critiques social security benefits of current problems and possible solutions to the social security crisis. The paper concludes with recommendations for improving and preserving the social security system.

From the Paper:

"In view of the advantages and disadvantages of the current social security system, there are various proposed reforms of the social security system that would bring the system into long-run balance. There are two primary categories of proposed social security reforms: changes that preserve the basic structure of the current system with minor modifications and more dramatic transformations that either would invoke means-testing of benefits or would shift part of the system from today's pay-as-you-go insurance plan to an arrangement more like 401(k) retirement plans and individual retirement accounts."

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