Andrew Biggs

American Enterprise Institute
1150 17th Street, N.W
Washington, D.C. 20036
Tel: 202-862-5841

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: American Enterprise Institute

NBER Working Papers and Publications

June 2009Pricing Personal Account Benefit Guarantees: A Simplified Approach
with Clark Burdick, Kent Smetters
in Social Security Policy in a Changing Environment, Jeffrey R. Brown, Jeffrey B. Liebman and David A. Wise, editors
June 2005Alternative Methods of Price Indexing Social Security: Implications for Benefits and System Financing
with Jeffrey R. Brown, Glenn Springstead: w11406
This paper explains four methods of "price indexing" initial Social Security retirement benefits, and discusses the effect of each method on the fiscal sustainability of Social Security, benefit levels and replacement rates, redistribution, and sensitivity of system finances to demographic and economic shocks. Of these methods, PIA Factor Indexing would generate the largest cost savings while reducing benefit growth at approximately an equal rate for all income levels. Methods that index the AIME, the formula "bend points," or both, would reduce benefit growth at a slower rate and would have different effects on benefit distribution and system sustainability.

Published: Biggs, Andrew G., Jeffrey R. Brown and Glenn Springstead. "Alternative Methods Of Price Indexing Social Security: Implications For Benefits And System Financing," National Tax Journal, 2005, v58(3,Sep), 483-504. citation courtesy of

National Bureau of Economic Research
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Cambridge, MA 02138

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