NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Kenneth Cone

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Working Papers

November 1980Modeling Alternative Solutions to the Long-Run Social Security Funding Problem
with Michael J. Boskin, Marcy Avrin: w0583
This paper develops a Social Security simulation model. Combining data from the 1975 Social Security Exact Match File, which merges individual records from the1975 Current Population Survey with OASI earnings and benefit records, with a model of income growth, retirement and labor force participation patterns, life expectancy, age-earnings profiles, etc., we present estimates of a variety of types of information concerning the long-run financial status of the OASI system. Estimates are developed for current legislation and a variety of possible reforms of the aggregate real present value of benefits, taxes and deficit; and expected benefits, taxes and net transfers for different population groups by age and income. Among the more important findings of the first in a series of analyses usin...

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