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Toward Improved Modeling of Retirement Income Policies Interim Report (1995) / Chapter Skim
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INTRODUCTION
Pages 1-4

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
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From page 1...
... Even if retirees have adequate incomes, will they still feel secure if they are uninsured against rising costs of health care and nursing services? Policy makers have put the topic of retirement income security at least the Social Security component-"off the table" for the moment.
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From page 2...
... one of the components in isolation: for example, the effects of changes in Social Security payroll taxes or benefits on the solvency of the Social Security trust fund and on the rates at which Social Security benefits are likely to replace earnings. However, such an analysis cannot provide an adequate picture of overall retirement income security if the Social Security changes in turn affect other components of retirement income (e.g., levels of employer pension coverage and other savings)
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From page 3...
... These areas include retirement and other labor supply decisions of workers (Lumsdaine, 1995~; savings behavior of workers (Poterba, 1994~; employer behavior with regard to hiring and employee benefits (Parsons, 19951; and the intersection of health status, health care, and retirement income (Lee and Skinner, 1995; Moon, 19954. Our final report will make specific recommendations about modeling and data collection strategies and about priorities for research to support improved policy analysis in this area.
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From page 4...
... A major issue is how the needed broad perspective can be brought to bear and the most cost-effective use made of scarce resources for policy analysis and modeling in this area.
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Key Terms

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  • policy models
  • savings behavior
  • private savings
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  • market opportunities
  • tax law
  • wide variation
  • adequate picture
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  • proposed changes
  • future generations
  • labor market
  • simultaneously trying
  • include retirement

  • list essential
  • steadily increasing
  • panel defines
  • besides social
  • policy modeling

  • broad terms
  • projections greatly
  • broader interpretation
  • commissioned review
  • labor asked

  • security payroll
  • provide reliable
  • security trust
  • agencies analyze
  • policy considerations


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