The unemployment effects of proposed changes in social security's normal retirement age""

被引：30

作者：

Michello F. ^{[1
]}

Ford W. ^{[1
]}

机构：

[1] Department of Finance, Middle Tennessee State University, Murfreesboro

来源：

Business Economics | 2006年 / 41卷 / 2期

关键词：

NAIRU; Reform; Security; Social; Unemployment;

D O I：

10.2145/20060205

中图分类号：

学科分类号：

摘要：

This paper identifies and analyzes an inherent conflict between some proposed U. S. Social Security reform measures, which would encourage delayed retirement decisions, and the objective of minimizing the economy's unemployment rate. Using recent demographic trends in the age composition of the U.S. labor force, the study suggests that such proposed U.S. Social Security reform measures may actually increase the economy's unemployment rate. It concludes that measures to encourage older workers would relieve labor market pressures (while also helping the Social Security system) if and only if unemployment was persistently near the non-accelerating inflation rate of unemployment (NAIRU). However, in an economy with above NAIRU unemployment, which has been the case most often in recent years, the opposite Social Security policy logic would apply. © National Association for Business Economics 2006.

引用

页码：38 / 46

页数：8

共 21 条

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