Uncertainty policy in an uncertain world : the case of social security / John Sabelhaus, Julie Topoleski.

Format:

Book

Government document

Author/Creator:

Sabelhaus, John Edward

Contributor:

Topoleski, Julie H.

United States. Congressional Budget Office

Series:

Working paper series (United States. Congressional Budget Office) ; 2006-05.

Working paper series / Congressional Budget Office ; 2006-05

Language:

English

Subjects (All):

Social security--United States--Mathematical models.

Social security.

Social security--Mathematical models.

United States.

Physical Description:

1 online resource (29, [12] pages) : illustrations.

Place of Publication:

Washington, D.C. : Congressional Budget Office, [2006]

Summary:

"Analysis and discussion of Social Security policy are usually based on expected fiscal and societal outcomes. However, future demographic and economic trends are uncertain, and thus ultimate outcomes for aggregate system financial flows and the distribution of taxes and benefits across generations are uncertain. This paper analyzes a state-dependent approach to policy in which future Social Security benefit formulas are tied to realized economic and demographic outcomes over time. The results, based on a microsimulation model with stochastic capabilities, show the extent to which it is possible to systematically address uncertainty about system finances and distributional outcomes."

Notes:

Title from PDF title screen (viewed on Apr. 27, 2010).

"March 2006."

Includes bibliographical references (pages 28-29).

OCLC:

609682211