Social Security: A Program and Policy History
Social Security Bulletin, Vol. 66, No. 1, 2005
15 Pages Posted: 2 Aug 2012
Date Written: 2005
The publication of this article coincides with the celebration of the 70th anniversary of the Social Security Act. The history and development of the Social Security program from its inception to the present is discussed. Special attention is given to historical debates that have relevance to today's policy discussions. In particular, the article discusses themes regarding program growth, pay-as-you-go financing, reserve funding, rates of return on payroll contributions, and the adequacy of benefits.
Keywords: Social Security, pay-as-you-go financing, Social Security benefits
JEL Classification: H5, H55
Suggested Citation: Suggested Citation