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Social Security and Individual Equity: Evolving Standards of Equity and Adequacy

by Meyer, Charles W. A

Social Security and Individual Equity: Evolving Standards of Equity and Adequacy cover
  • ISBN: 9780313264597
  • ISBN10: 0313264597

Social Security and Individual Equity: Evolving Standards of Equity and Adequacy

by Meyer, Charles W. A

  • Binding: Hardcover
  • Publisher: Greenwood Press (CT)
  • Publish date: 01/01/1993
  • ISBN: 9780313264597
  • ISBN10: 0313264597
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Description: Focusing on the Federal Social Security system, encompassing OASDI and Medicare, this volume examines the equity and adequacy criteria that serve as standards for determining how payroll tax revenues are to be distributed. The book describes and evaluates the procedures for determining each worker's earnings-related benefit base. Using an individual equity perspective, the authors also examine the cohort-specific benefit formula used to determine each worker's benefit base, including the formula's progressive tilt, which results in a higher benefit-to-earnings ratio for workers with lower prior earnings. Equity considerations are also used to examine the disability determination process and the financing of the Hospital Insurance and Supplementary Medical Insurance components of Medicare. In conclusion, the authors contrast the present system with alternatives that would conform with an actuarial standard. They also discuss the effects of the impending OASI trust fund surplus on successive generations of beneficiaries.
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Product notice Returnable at the third party seller's discretion and may come without consumable supplements like access codes, CD's, or workbooks.
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Location: North Las Vegas, NV
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