Alert
Close

Watch the NASCAR race on Sunday at Martinsville Speedway. Join the Drive to End Hunger!

Highlights

Open

You and Your Town Contest-You could win an AARP RealPad
Introducing RealPad by AARP
AARP Auto Buying Program

AARP-iPad-ePub-app

Most Popular
ARTICLES

Viewed

Free Fun!

AARP Games - Play Now!

Work
PROGRAMS

Best Employers for Workers Over 50

See the latest winners of this AARP recognition program.

Employer Resource Center

Attract and retain top talent in a changing workforce.

Minimum Benefits in Social Security

This and Related Reports

Although a number of proposals made since 1998 for altering Social Security have included provisions for minimum benefits, relatively little effort has been made to develop the rationale for a minimum benefit or to examine alternative ways it might be designed. As a consequence, the design of a minimum benefit – or, for that matter, the design of many redistributive aspects of Social Security – has seldom been based on any theoretical or empirical notion of exactly what goals are sought and what types of formulaic adjustments would best achieve them.

This study attempts to fill that gap by...

  • examining the redistributive purpose of Social Security and how it relates to other purposes of the program

  • offering minimum benefit designs of varying generosity based on years of covered work and the current poverty threshold (both wage-indexed and price-indexed)

  • examining empirically just how well different types of minimum benefits achieve various goals, such as reduction in poverty

Minimum benefits, the study finds, could help reduce poverty among the aged substantially, even within the context of a system with benefits reduced in order to improve the program's long-term fiscal deficit. In sum, the most effective changes are likely to integrate a combination of parameters that include both means for improving program adequacy and means for enhancing horizontal equity. (76 pages)

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS Store membership discount aarp benefits

Members save 15% on eligible products/services, 5% on UPS shipping at The UPS Store®.

membership adt

Small business owners save 20% on new installation of any new ADT security system.

Mujer en la parte de afuera de so negocio

Free quotes for members from the AARP® Small Business Insurance Program.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points

Explore Your Learning Possiblities