LIFETIME TAXPAYER CONTRIBUTIONS AND BENEFITS OF MEDICARE AND SOCIAL SECURITY
Many criticisms of Medicare and Social Security have suggested that beneficiaries get more than they paid into the system over their lifetimes and these entitlement programs may be unsustainable if they are insufficiently funded. But studies do not always use appropriate assumptions for estimating l...
Gespeichert in:
| Veröffentlicht in: | Contemporary economic policy 2018-07, Vol.36 (3), p.483-492 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 492 |
|---|---|
| container_issue | 3 |
| container_start_page | 483 |
| container_title | Contemporary economic policy |
| container_volume | 36 |
| creator | Guo, Jing Moon, Marilyn |
| description | Many criticisms of Medicare and Social Security have suggested that beneficiaries get more than they paid into the system over their lifetimes and these entitlement programs may be unsustainable if they are insufficiently funded. But studies do not always use appropriate assumptions for estimating lifetime values. Our simulation model properly aligns the financing sources with the benefits received by making consistent comparisons and using a more appropriate inflation adjustment. Our study suggests that using different assumptions can dramatically change the balance between contributions and benefits as compared with other analyses. Choosing the appropriate assumptions is essential for a reasoned debate on the important issues about the future and financing of Medicare and Social Security. (JEL I13, H5, H24) |
| doi_str_mv | 10.1111/coep.12226 |
| format | Article |
| fullrecord | <record><control><sourceid>gale_proqu</sourceid><recordid>TN_cdi_proquest_journals_2047394374</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><galeid>A546433098</galeid><sourcerecordid>A546433098</sourcerecordid><originalsourceid>FETCH-LOGICAL-c6186-fa89aa501d3aacbb4a5950e3b992c34154512ac7fc74c0e29bed43fc2e8454713</originalsourceid><addsrcrecordid>eNqN0m1rnDAcAHApG6zr9mafQNirjXrLo9GX1uY6wWo5PWhfhZiLzuLp1Xh0_fZLa2E7OMoSSELy--eJv-N8gWABbfmhBr1bQISQf-KcQuJTj6GAvbNjwIiHKQo_OB-NuQe2MMROnTRNlrxMrrlbRrc30R1fuXGelavkYl0meVa4UXbpXvCML5OycPOle80vkzha8ZeFIo-TKHULHq9XSXn3yXlfy87oz6_9mbO2m8c_vTS_skGpp3wY-F4tg1BKCuAGS6mqikgaUqBxFYZIYQIpoRBJxWrFiAIahZXeEFwrpANCCYP4zPk677sbh4e9NpO4H_Zjb48UCBCGQ4IZ-asa2WnR9vUwjVJtW6NERIlPMAZhYJV3RDW616Pshl7XrZ0-8Isj3taN3rbqaMC3gwBrJv17auTeGJEU2X_b4Cp96-KvVg1dpxst7IfH-aE__8dXe9P22tjGtM2vycxHHPDvM1fjYMyoa7Eb260cnwQE4jnXxHOuiZdcsxjO-NE-_ukNKeKc38wxfwBTPclS</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2047394374</pqid></control><display><type>article</type><title>LIFETIME TAXPAYER CONTRIBUTIONS AND BENEFITS OF MEDICARE AND SOCIAL SECURITY</title><source>Wiley Online Library Journals Frontfile Complete</source><source>PAIS Index</source><source>Business Source Complete</source><creator>Guo, Jing ; Moon, Marilyn</creator><creatorcontrib>Guo, Jing ; Moon, Marilyn</creatorcontrib><description>Many criticisms of Medicare and Social Security have suggested that beneficiaries get more than they paid into the system over their lifetimes and these entitlement programs may be unsustainable if they are insufficiently funded. But studies do not always use appropriate assumptions for estimating lifetime values. Our simulation model properly aligns the financing sources with the benefits received by making consistent comparisons and using a more appropriate inflation adjustment. Our study suggests that using different assumptions can dramatically change the balance between contributions and benefits as compared with other analyses. Choosing the appropriate assumptions is essential for a reasoned debate on the important issues about the future and financing of Medicare and Social Security. (JEL I13, H5, H24)</description><identifier>ISSN: 1074-3529</identifier><identifier>EISSN: 1465-7287</identifier><identifier>DOI: 10.1111/coep.12226</identifier><language>eng</language><publisher>Boston, USA: Wiley Periodicals, Inc</publisher><subject>Analysis ; Appropriateness ; Beneficiaries ; Benefits ; Economic policy ; Entitlement ; Entitlement spending ; Financing ; Inflation ; Inflation (Economics) ; Inflation (Finance) ; Medicare ; Retirement benefits ; Simulation ; Social security ; Taxation ; Values</subject><ispartof>Contemporary economic policy, 2018-07, Vol.36 (3), p.483-492</ispartof><rights>2017 The Authors. published by Wiley Periodicals, Inc. on behalf of the Western Economic Association International.</rights><rights>COPYRIGHT 2018 Blackwell Publishers Ltd.</rights><rights>COPYRIGHT 2018 Blackwell Publishers Ltd.</rights><rights>2018 Western Economic Association International</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c6186-fa89aa501d3aacbb4a5950e3b992c34154512ac7fc74c0e29bed43fc2e8454713</citedby><cites>FETCH-LOGICAL-c6186-fa89aa501d3aacbb4a5950e3b992c34154512ac7fc74c0e29bed43fc2e8454713</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fcoep.12226$$EPDF$$P50$$Gwiley$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fcoep.12226$$EHTML$$P50$$Gwiley$$Hfree_for_read</linktohtml><link.rule.ids>314,777,781,1412,27847,27905,27906,45555,45556</link.rule.ids></links><search><creatorcontrib>Guo, Jing</creatorcontrib><creatorcontrib>Moon, Marilyn</creatorcontrib><title>LIFETIME TAXPAYER CONTRIBUTIONS AND BENEFITS OF MEDICARE AND SOCIAL SECURITY</title><title>Contemporary economic policy</title><addtitle>Contemporary Economic Policy</addtitle><description>Many criticisms of Medicare and Social Security have suggested that beneficiaries get more than they paid into the system over their lifetimes and these entitlement programs may be unsustainable if they are insufficiently funded. But studies do not always use appropriate assumptions for estimating lifetime values. Our simulation model properly aligns the financing sources with the benefits received by making consistent comparisons and using a more appropriate inflation adjustment. Our study suggests that using different assumptions can dramatically change the balance between contributions and benefits as compared with other analyses. Choosing the appropriate assumptions is essential for a reasoned debate on the important issues about the future and financing of Medicare and Social Security. (JEL I13, H5, H24)</description><subject>Analysis</subject><subject>Appropriateness</subject><subject>Beneficiaries</subject><subject>Benefits</subject><subject>Economic policy</subject><subject>Entitlement</subject><subject>Entitlement spending</subject><subject>Financing</subject><subject>Inflation</subject><subject>Inflation (Economics)</subject><subject>Inflation (Finance)</subject><subject>Medicare</subject><subject>Retirement benefits</subject><subject>Simulation</subject><subject>Social security</subject><subject>Taxation</subject><subject>Values</subject><issn>1074-3529</issn><issn>1465-7287</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><sourceid>24P</sourceid><sourceid>WIN</sourceid><sourceid>N95</sourceid><sourceid>7TQ</sourceid><recordid>eNqN0m1rnDAcAHApG6zr9mafQNirjXrLo9GX1uY6wWo5PWhfhZiLzuLp1Xh0_fZLa2E7OMoSSELy--eJv-N8gWABbfmhBr1bQISQf-KcQuJTj6GAvbNjwIiHKQo_OB-NuQe2MMROnTRNlrxMrrlbRrc30R1fuXGelavkYl0meVa4UXbpXvCML5OycPOle80vkzha8ZeFIo-TKHULHq9XSXn3yXlfy87oz6_9mbO2m8c_vTS_skGpp3wY-F4tg1BKCuAGS6mqikgaUqBxFYZIYQIpoRBJxWrFiAIahZXeEFwrpANCCYP4zPk677sbh4e9NpO4H_Zjb48UCBCGQ4IZ-asa2WnR9vUwjVJtW6NERIlPMAZhYJV3RDW616Pshl7XrZ0-8Isj3taN3rbqaMC3gwBrJv17auTeGJEU2X_b4Cp96-KvVg1dpxst7IfH-aE__8dXe9P22tjGtM2vycxHHPDvM1fjYMyoa7Eb260cnwQE4jnXxHOuiZdcsxjO-NE-_ukNKeKc38wxfwBTPclS</recordid><startdate>201807</startdate><enddate>201807</enddate><creator>Guo, Jing</creator><creator>Moon, Marilyn</creator><general>Wiley Periodicals, Inc</general><general>Blackwell Publishers Ltd</general><general>Western Economic Association</general><scope>24P</scope><scope>WIN</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>N95</scope><scope>XI7</scope><scope>8GL</scope><scope>ISN</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>201807</creationdate><title>LIFETIME TAXPAYER CONTRIBUTIONS AND BENEFITS OF MEDICARE AND SOCIAL SECURITY</title><author>Guo, Jing ; Moon, Marilyn</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c6186-fa89aa501d3aacbb4a5950e3b992c34154512ac7fc74c0e29bed43fc2e8454713</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><topic>Analysis</topic><topic>Appropriateness</topic><topic>Beneficiaries</topic><topic>Benefits</topic><topic>Economic policy</topic><topic>Entitlement</topic><topic>Entitlement spending</topic><topic>Financing</topic><topic>Inflation</topic><topic>Inflation (Economics)</topic><topic>Inflation (Finance)</topic><topic>Medicare</topic><topic>Retirement benefits</topic><topic>Simulation</topic><topic>Social security</topic><topic>Taxation</topic><topic>Values</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Guo, Jing</creatorcontrib><creatorcontrib>Moon, Marilyn</creatorcontrib><collection>Wiley Online Library Open Access</collection><collection>Wiley Free Content</collection><collection>CrossRef</collection><collection>Gale Business: Insights</collection><collection>Business Insights: Essentials</collection><collection>Gale In Context: High School</collection><collection>Gale In Context: Canada</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Contemporary economic policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Guo, Jing</au><au>Moon, Marilyn</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>LIFETIME TAXPAYER CONTRIBUTIONS AND BENEFITS OF MEDICARE AND SOCIAL SECURITY</atitle><jtitle>Contemporary economic policy</jtitle><addtitle>Contemporary Economic Policy</addtitle><date>2018-07</date><risdate>2018</risdate><volume>36</volume><issue>3</issue><spage>483</spage><epage>492</epage><pages>483-492</pages><issn>1074-3529</issn><eissn>1465-7287</eissn><abstract>Many criticisms of Medicare and Social Security have suggested that beneficiaries get more than they paid into the system over their lifetimes and these entitlement programs may be unsustainable if they are insufficiently funded. But studies do not always use appropriate assumptions for estimating lifetime values. Our simulation model properly aligns the financing sources with the benefits received by making consistent comparisons and using a more appropriate inflation adjustment. Our study suggests that using different assumptions can dramatically change the balance between contributions and benefits as compared with other analyses. Choosing the appropriate assumptions is essential for a reasoned debate on the important issues about the future and financing of Medicare and Social Security. (JEL I13, H5, H24)</abstract><cop>Boston, USA</cop><pub>Wiley Periodicals, Inc</pub><doi>10.1111/coep.12226</doi><tpages>10</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1074-3529 |
| ispartof | Contemporary economic policy, 2018-07, Vol.36 (3), p.483-492 |
| issn | 1074-3529 1465-7287 |
| language | eng |
| recordid | cdi_proquest_journals_2047394374 |
| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; Business Source Complete |
| subjects | Analysis Appropriateness Beneficiaries Benefits Economic policy Entitlement Entitlement spending Financing Inflation Inflation (Economics) Inflation (Finance) Medicare Retirement benefits Simulation Social security Taxation Values |
| title | LIFETIME TAXPAYER CONTRIBUTIONS AND BENEFITS OF MEDICARE AND SOCIAL SECURITY |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-20T02%3A54%3A55IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=LIFETIME%20TAXPAYER%20CONTRIBUTIONS%20AND%20BENEFITS%20OF%20MEDICARE%20AND%20SOCIAL%20SECURITY&rft.jtitle=Contemporary%20economic%20policy&rft.au=Guo,%20Jing&rft.date=2018-07&rft.volume=36&rft.issue=3&rft.spage=483&rft.epage=492&rft.pages=483-492&rft.issn=1074-3529&rft.eissn=1465-7287&rft_id=info:doi/10.1111/coep.12226&rft_dat=%3Cgale_proqu%3EA546433098%3C/gale_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2047394374&rft_id=info:pmid/&rft_galeid=A546433098&rfr_iscdi=true |