Long-Term Budget Analysis
- Report
The Risk Exposure of the Pension Benefit Guaranty Corporation
This paper estimates the market value of federal pension insurance, analyzes options for reducing future shortfalls, and identifies budgetary alternatives that would make PBGC’s finances more transparent to the Congress and the public.
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Testimony on the Pension Benefit Guaranty Corporation: Financial Condition, Potential Risks, and Policy Options
Testimony before the Committee on the Budget, United States Senate
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Testimony on Estimating the Costs of the Pension Benefit Guaranty Corporation
Testimony before the Committee on the Budget, U.S. House of Representatives
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Testimony on Implications of Demographic Changes for the Budget and the Economy
Testimony before the Committee on Ways and Means
- Working Paper
Behavioral Effects of Social Security Reform in a Dynamic Micro-Simulation with Life-Cycle Agents: Working Paper 2005-06
The Congressional Budget Office Long-Term (CBOLT) model uses dynamic micro-simulation to analyze Social Security policy.
- Working Paper
How Does Differential Mortality Affect Social Security Finances and Progressivity? Working Paper 2005-05
In this paper, the question of how differential mortality affects Social Security finances and progressivity is approached through sensitivity analysis using CBOLT.
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Testimony on the Cost and Financing of Long-Term Care Services
Testimony before the Subcommittee on Health, Committee on Energy and Commerce, U.S. House of Representatives
- Report
Testimony on the Cost and Financing of Long-Term Care Services
Testimony before the Subcommittee on Health, Committee on Ways and Means, U.S. House of Representatives
- Working Paper
Does Social Security Privatization Produce Efficiency Gains? Working Paper 2005-04
The economic literature shows that privatizing Social Security can improve labor supply incentives, but it can also reduce risk sharing when households face uninsurable risks.