Post-1969 immigration and the example of the insolvency of the Social Security system

被引:2
作者
Huddle, DL [1 ]
机构
[1] Rice Univ, Dept Econ, Houston, TX 77005 USA
关键词
Social Security; Security System; Social Security System; Benefit Structure; Income Profile;
D O I
10.1023/A:1024664608242
中图分类号
C921 [人口统计学];
学科分类号
摘要
Advocates of immigration to save Social Security (S.S.) assume that a pay-as-you-go system will work over the long run. That assumption is not shared by the Social Security Board of Trustees. Reflection shows that it would entail ever-larger new cohorts of immigrants to support those who are retiring, in effect, a Ponzi scheme. In fact, the benefits structure of the S.S. system, which pays out proportionately more to low-wage earners than to high-wage earners relative to their contributions, taken together with the income profile of post-1969 immigrants, means that the more immigration which occurs, the deeper into insolvency the system falls.
引用
收藏
页码:533 / 539
页数:7
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