skip to content
Fiscal policy and Social Security policy during the 1990s Preview this item
ClosePreview this item
Checking...

Fiscal policy and Social Security policy during the 1990s

Author: Douglas W Elmendorf; Jeffrey B Liebman; David W Wilcox; National Bureau of Economic Research.
Publisher: Cambridge, MA. : National Bureau of Economic Research, ©2001.
Series: Working paper series (National Bureau of Economic Research), no. 8488.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Abstract: This paper reviews the course of fiscal policy and Social Security policy during the 1990s. The 1990s witnessed two fundamental changes in U.S. fiscal policy: a dramatic improvement in the current and projected budget balance, and a shift to a new political consensus in favor of balancing the budget excluding Social Security rather than the unified budget. The dramatic improvement in the budget outlook  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Additional Physical Format: Print version:
Elmendorf, Douglas W.
Fiscal policy and Social Security policy during the 1990s.
Cambridge, MA. : National Bureau of Economic Research, ©2001
(OCoLC)48158887
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Douglas W Elmendorf; Jeffrey B Liebman; David W Wilcox; National Bureau of Economic Research.
OCLC Number: 48528310
Notes: "September 2001."
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (85, [3] pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), no. 8488.
Responsibility: Douglas Elmendorf, Jeffrey B. Liebman, David W. Wilcox.

Abstract:

Abstract: This paper reviews the course of fiscal policy and Social Security policy during the 1990s. The 1990s witnessed two fundamental changes in U.S. fiscal policy: a dramatic improvement in the current and projected budget balance, and a shift to a new political consensus in favor of balancing the budget excluding Social Security rather than the unified budget. The dramatic improvement in the budget outlook stemmed both from favorable developments in the economic environment and from deliberate policy actions that reduced budget deficits and later did not spend down the surpluses. In contrast, the 1990s did not witness significant changes in Social Security policy, although alternative visions of Social Security reform received tremendous analytic and popular attention. The 1994-1996 Advisory Council on Social Security presented three reform plans that placed important emphasis on additional prefunding. Each involved some form of investment in equities either centrally, through the trust fund, or in a decentralized manner, through individual accounts. Late in the decade, with the emergence of on-budget surpluses, the possibility of general revenue contributions to the Social Security system came under serious consideration. In the end, President Clinton decided to pursue Social Security reform based on general revenue contributions to the trust fund and centralized investment in equities rather than creating individual accounts, but his proposal was not adopted.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/48528310> # Fiscal policy and Social Security policy during the 1990s
    a schema:MediaObject, schema:CreativeWork, schema:Book ;
   library:oclcnum "48528310" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/3856900714#Place/cambridge_ma> ; # Cambridge, MA.
   schema:about <http://experiment.worldcat.org/entity/work/data/3856900714#Event/1993_2001> ; # 1993-2001
   schema:about <http://id.worldcat.org/fast/925806> ; # Fiscal policy
   schema:about <http://id.worldcat.org/fast/901974> ; # Economic history
   schema:about <http://id.loc.gov/authorities/subjects/sh2008103784> ; # Fiscal policy--United States
   schema:about <http://id.worldcat.org/fast/1204155> ; # United States.
   schema:about <http://id.loc.gov/authorities/subjects/sh2008111200> ; # Social security--United States
   schema:about <http://experiment.worldcat.org/entity/work/data/3856900714#Place/united_states> ; # United States
   schema:about <http://id.worldcat.org/fast/1123077> ; # Social security
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:contributor <http://experiment.worldcat.org/entity/work/data/3856900714#Person/liebman_jeffrey_b> ; # Jeffrey B. Liebman
   schema:contributor <http://viaf.org/viaf/15841808> ; # David W. Wilcox
   schema:copyrightYear "2001" ;
   schema:creator <http://experiment.worldcat.org/entity/work/data/3856900714#Person/elmendorf_douglas_w> ; # Douglas W. Elmendorf
   schema:datePublished "2001" ;
   schema:description "Abstract: This paper reviews the course of fiscal policy and Social Security policy during the 1990s. The 1990s witnessed two fundamental changes in U.S. fiscal policy: a dramatic improvement in the current and projected budget balance, and a shift to a new political consensus in favor of balancing the budget excluding Social Security rather than the unified budget. The dramatic improvement in the budget outlook stemmed both from favorable developments in the economic environment and from deliberate policy actions that reduced budget deficits and later did not spend down the surpluses. In contrast, the 1990s did not witness significant changes in Social Security policy, although alternative visions of Social Security reform received tremendous analytic and popular attention. The 1994-1996 Advisory Council on Social Security presented three reform plans that placed important emphasis on additional prefunding. Each involved some form of investment in equities either centrally, through the trust fund, or in a decentralized manner, through individual accounts. Late in the decade, with the emergence of on-budget surpluses, the possibility of general revenue contributions to the Social Security system came under serious consideration. In the end, President Clinton decided to pursue Social Security reform based on general revenue contributions to the trust fund and centralized investment in equities rather than creating individual accounts, but his proposal was not adopted."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/3856900714> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/3856900714#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/3856900714#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/48158887> ;
   schema:name "Fiscal policy and Social Security policy during the 1990s"@en ;
   schema:productID "48528310" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/48528310#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_2001> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/3856900714#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://catalog.hathitrust.org/api/volumes/oclc/48158887.html> ;
   schema:url <http://papers.nber.org/papers/w8488> ;
   schema:url <http://books.google.com/books?id=nMIxAAAAMAAJ> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/48528310> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/3856900714#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/3856900714#Person/elmendorf_douglas_w> # Douglas W. Elmendorf
    a schema:Person ;
   schema:familyName "Elmendorf" ;
   schema:givenName "Douglas W." ;
   schema:name "Douglas W. Elmendorf" ;
    .

<http://experiment.worldcat.org/entity/work/data/3856900714#Person/liebman_jeffrey_b> # Jeffrey B. Liebman
    a schema:Person ;
   schema:familyName "Liebman" ;
   schema:givenName "Jeffrey B." ;
   schema:name "Jeffrey B. Liebman" ;
    .

<http://experiment.worldcat.org/entity/work/data/3856900714#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/48528310> ; # Fiscal policy and Social Security policy during the 1990s
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/3856900714#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/48528310> ; # Fiscal policy and Social Security policy during the 1990s
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.loc.gov/authorities/subjects/sh2008103784> # Fiscal policy--United States
    a schema:Intangible ;
   schema:name "Fiscal policy--United States"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2008111200> # Social security--United States
    a schema:Intangible ;
   schema:name "Social security--United States"@en ;
    .

<http://id.worldcat.org/fast/1123077> # Social security
    a schema:Intangible ;
   schema:name "Social security"@en ;
    .

<http://id.worldcat.org/fast/1204155> # United States.
    a schema:Place ;
   schema:name "United States." ;
    .

<http://id.worldcat.org/fast/901974> # Economic history
    a schema:Intangible ;
   schema:name "Economic history"@en ;
    .

<http://id.worldcat.org/fast/925806> # Fiscal policy
    a schema:Intangible ;
   schema:name "Fiscal policy"@en ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/15841808> # David W. Wilcox
    a schema:Person ;
   schema:familyName "Wilcox" ;
   schema:givenName "David W." ;
   schema:name "David W. Wilcox" ;
    .

<http://www.worldcat.org/oclc/48158887>
    a schema:CreativeWork ;
   rdfs:label "Fiscal policy and Social Security policy during the 1990s." ;
   schema:description "Print version:" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/48528310> ; # Fiscal policy and Social Security policy during the 1990s
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.