Can removing the tax cap save Social Security?

References

Altig, D., A. J. Auerbach, L. J. Kotlikoff, K. A. Smetters, and J. Walliser. 2001. “Simulating Fundamental Tax Reform in the United States.” The American Economic Review 91 (3): 574–595.10.1017/CBO9780511610141.013Search in Google Scholar

Arias, E 2004. “United States Life Tables, 2001.” National Vital Statistics Reports 52 (14).Search in Google Scholar

Auerbach, A., and L. Kotlikoff. 1987. Dynamic Fiscal Policy. Cambridge University Press: Cambridge.Search in Google Scholar

Bagchi, S 2015. “Labor Supply and the Optimality of Social Security.” Journal of Economic Dynamics and Control 58: 167–185.10.1016/j.jedc.2015.06.011Search in Google Scholar

Bagchi, S 2016. “Is The Social Security Crisis Really as Bad as We Think?” Macroeconomic Dynamics 20 (3): 737–776.10.1017/S1365100514000571Search in Google Scholar

Bagchi, S., and J. Feigenbaum. 2014. “Is Smoking a Fiscal Good?” Review of Economic Dynamics 17 (1): 170–190.10.1016/j.red.2013.04.002Search in Google Scholar

Bullard, J., and J. Feigenbaum. 2007. “A Leisurely Reading of the Life-Cycle Consumption Data.” Journal of Monetary Economics 54 (8): 2305–2320.10.20955/wp.2003.017Search in Google Scholar

Conesa, J. C., and C. Garriga. 2008. “Optimal Fiscal Policy In The Design Of Social Security Reforms.” International Economic Review 49 (1): 291–318.10.1111/j.1468-2354.2008.00480.xSearch in Google Scholar

Conesa, J. C., and C. Garriga. 2009. “Optimal Response to a Transitory Demographic Shock in Social Security Financing.” Federal Reserve Bank of St. Louis Review 91 (1): 33–48.10.20955/wp.2007.041Search in Google Scholar

Conesa, J. C., and D. Krueger. 1999. “Social Security Reform with Heterogeneous Agents.” Review of Economic Dynamics 2: 757–795.10.1006/redy.1998.0039Search in Google Scholar

De Nardi, M., S. İmrohoroğlu, and T. J. Sargent. 1999. “Projected U.S. Demographics and Social Security.” Review of Economic Dynamics 2 (3): 575–615.10.1006/redy.1999.0067Search in Google Scholar

De Nardi, M., E. French, and J. B. Jones. 2010. “Why Do the Elderly Save? The Role of Medical Expenses.” Journal of Political Economy 118 (1): 39–75.10.3386/w15149Search in Google Scholar

Heathcote, J., K. Storesletten, and G. L. Violante. 2010. “The Macroeconomic Implications of Rising Wage Inequality in the United States.” Journal of Political Economy 118 (4): 681–722.10.3386/w14052Search in Google Scholar

Heathcote, J., K. Storesletten, and G. L. Violante. 2014. “Optimal Tax Progressivity: An Analytical Framework.”.Working Paper 19899, National Bureau of Economic Research.10.3386/w19899Search in Google Scholar

Huang, H., S. İmrohoroğlu, and T. J. Sargent. 1997. “Two Computations to Fund Social Security.” Macroeconomic Dynamics 1 (1): 7–44.10.1017/S1365100597002010Search in Google Scholar

Huggett, M., and G. Ventura. 1999. “On the Distributional Effects of Social Security Reform.” Review of Economic Dynamics 2 (3): 498–531.10.1006/redy.1999.0051Search in Google Scholar

İmrohoroğlu, S., and S. Kitao. 2009. “Labor Supply Elasticity and Social Security Reform.” Journal of Public Economics 93 (7–8): 867–878.10.1016/j.jpubeco.2009.05.002Search in Google Scholar

İmrohoroğlu, S., and S. Kitao. 2012. “Social Security Reforms: Benefit Claiming, Labor Force Participation, and Long-Run Sustainability.” American Economic Journal: Macroeconomics 4 (3): 96–127.10.1257/mac.4.3.96Search in Google Scholar

İmrohoroğlu, A., S. İmrohoroğlu, and D. H. Joines. 2003. “Time-Inconsistent Preferences and Social Security.” The Quarterly Journal of Economics 118 (2): 745–784.10.21034/dp.136Search in Google Scholar

Jeske, K 2003. “Pension Systems and Aggregate Shocks.” Federal Reserve Bank of Atlanta Economic Review (Q1): 15–31.Search in Google Scholar

Karabarbounis, M 2012. “Heterogeneity in labor supply elasticity and optimal taxation.”. In 2012 Meeting Papers. No. 655. Society for Economic Dynamics.Search in Google Scholar

Kitao, S 2014. “Sustainable Social Security: Four Options.” Review of Economic Dynamics 17 (4): 756–779.10.1016/j.red.2013.11.004Search in Google Scholar

Nishiyama, S., and K. Smetters. 2005. “Does Social Security Privatization Produce Efficiency Gains?.”.Working Paper 11622, National Bureau of Economic Research.10.3386/w11622Search in Google Scholar

Nishiyama, S., and K. Smetters. 2008. “The Optimal Design of Social Security Benefits.”.Working Papers wp197 University of Michigan, Michigan Retirement Research Center.10.2139/ssrn.1338197Search in Google Scholar

Rogerson, R., and J. Wallenius. 2009. “Micro and Macro Elasticities in a Life Cycle Model with Taxes.” Journal of Economic Theory 144 (6): 2277–2292.10.3386/w13017Search in Google Scholar

Sanders, B 2015. Social Security Expansion Act. Legislative proposal, United States Senate.Search in Google Scholar

Shrestha, L. B 2006. “Life Expectancy in the United States.”.CRS Report for Congress RL32792, Congressional Research Service.Search in Google Scholar

Smetters, K 2003. “Is the Social Security Trust Fund Worth Anything?.”.Working Paper 9845 National Bureau of Economic Research.10.3386/w9845Search in Google Scholar

Stokey, N. L., and S. Rebelo. 1995. “Growth Effects of Flat-Rate Taxes.” Journal of Political Economy 103 (3): 519–550.10.3386/w4426Search in Google Scholar

Tauchen, G., and R. Hussey. 1991. “Quadrature-based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models.” Econometrica 59 (2): 371–396.10.2307/2938261Search in Google Scholar

Zhao, K 2014. “Social Security and the Rise in Health Spending.” Journal of Monetary Economics 64: 21–37.10.1016/j.jmoneco.2014.02.005Search in Google Scholar