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A former U.S. Secretary of the Treasury and an eminent economist tackle the biggest social issue of our time. Of all the issues swirling around the 20...
The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debr...
The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past th...
This book reports the authors' research on one of the most sophisticated general equilibrium models designed for tax policy analysis. Significantly di...
Trends, Effects, and Proposals for Reform
The Evolving Pension System examines the foundations and the future of the private pension system. It provides a broad overview of the underlying assu...
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In this book, financial and tax specialists analyze how the U.S. tax system-- especially in its bias toward debt financing-- has affected corporate fi...
On the privatization of social security in the U.S....
A Sequenced General Equilibrium Approach
This paper examines the welfare consequences of changing the current U.S. income tax system to a progressive consumption tax. We compute a sequence of...
The History and Future of Social Security
This work puts debates about Social Security reform into historical perspective, considers various reform ideas, and elaborates a proposal to ensure t...