Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
|
|---|
| ISBN: | 1283556081
9781283556088
1451899076
9781451899078
1462381200
9781462381203
1452768390
9781452768397
9786613868534
6613868531
9781451944174
1451944179
|
|---|
| Notes: | Includes bibliographical references (pages 48-49).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | The U.S. Social Security system is primarily an unfunded pay-as-you-go system, in which payroll taxes of current workers are used to finance the benefits of current retirees. 2 As a result of the long-term decline in fertility rates and improvements in life expectancy, the number of retirees per worker, or dependency ratio, is expected to rise in the next decades (Figure 1).3 This aging of the population compromises the financial balance of the pay-as-you-go system. Current projections indicate that Social Security will not be able to pay promised benefits on time starting in 2030. This long-term financial imbalance could be corrected by a 2.17 percent payroll tax increase. However, there is currently little support for such a tax raise, and other changes to the Social Security system are being considered. 4.
|
|---|
| Other form: | Print version: Valdivia, Victor Hugo, 1963- Insurance role of social security. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., ©1997
|
|---|
| Standard no.: | 10.5089/9781451899078.001
|
|---|
