Toward Improved Modeling of Retirement Income Policies Interim Report (1995) / Chapter Skim
Currently Skimming:
RECOMMENDATIONS
RECOMMENDATIONS
Pages 34-40
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 34... ...
In this interim report, we make a few recommendations pertaining to retirement income policy models and data that we believe are needed to support adequate policy analysis in this area. We also make two recommendations on a topic that we will consider further in the final report namely, how to coordinate the funding of research and modeling in the area of retirement income security so as to maximize the cost-effectiveness of scarce resource dollars.
|
From page 35... ...
validation and enhancement and thereby facilitate the development of improved models that provide more useful and accurate information to crucial policy debates. In this regard, we believe that researcher access to models of the Social Security system (including the SSA model)
|
From page 36... ...
Recommendations 4, 5, and 6 identify important priorities for the development of data that are needed for good models of retirement-income-related policy issues. These priorities are the continuation of panel surveys that provide longitudinal information about households; the development of panel surveys that provide longitudinal information about employers and their employees and of improved data generally about the full range of retirement-income-related employer benefits; and the creation of matched survey and administrative records data files.
|
From page 37... ...
Expanded Information on Employer Benefits and Panel Data for Employers and Workers A major gap in the information that is needed to support analysis of retirement-income-related behavior concerns data on employers. We do not have much information on the full range of retirement-income-related employer benefits, including, for example, retiree health care plans.
|
From page 38... ...
The fragmentation of policy analysis and much associated data collection makes it very difficult to develop the needed broad perspective or to allocate increasingly scarce resources for policy analysis in a cost-effective manner. Of course, there are instances in which it makes perfect sense for particular agencies to develop and apply particular special-purpose policy models and databases for example, the PBGC needs a mode!
|
From page 39... ...
But for policy analysis that is concerned with the retirement income security of future generations and what it will cost workers to attain an adequate level of retirement income, there should be provision for an integrated approach. In fact, we believe that it makes little sense for agencies to undertake such tasks as evaluating in detail the capabilities of current policy models or considering ways to develop improved models or data until a mechanism has been put in place with which to approach those tasks from a broad perspective.
|
From page 40... ...
Finally, an important element for cost-effective coordination of retirement-income-related policy modeling, data collection, and research is regular interaction between government agency analysts and the outside research community, including academic researchers and those who work for the private sector (e.g., for benefit consulting companies)
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.