Introduction to Ssi

I. Introduction
As a result of the 1977 Social Security Amendments, persons born(p) on or after January 2,
1917 received significantly opposite wins from those received by persons born before that date.
Since the Amendments became effective in 1979, debate has persisted over whether subsequent
cohorts C primarily those born in 1917 to 1921 C received benefits that were alike low, or whether
prior cohorts C primarily those born in 1911 to 1916 C received benefits that were too high. The
benefit disparity is commonly termed the Social Security benefit nick and the 1917-1921 birth
cohorts are often referred to as notch babies. legislative proposals to eliminate the benefit
disparity, usually through an increase in benefits for the notch cohorts, have been offered nearly
every year since 1979 (see, e.g., General Accounting built in bed, 1992). Recently, recounting enacted
a Social Security Notch Commission to ingest a comprehensive study of the issue.
1
Moreover,
the notch genesis continues to be a popular subject of economic research (Krueger and Pischke,
1992).
disdain the attention given to the Social Security notch issue, pocket-size is known about the
actual experience of the notch generation. prior studies of this issue (e.g.



, American Enterprise
Institute (1985), Myers, et al. (1988), General Accounting Office (1988), Koitz and Kollmann
(1992)) have relied on a representative worker near to illustrate possible effects of the notch
on current benefits and heir rates (i.e., initial retirement benefit as a proportion of
previous earnings for modernistic retirees). These studies generally scotch that the notch problem is one
of unintended windfall benefits paid to the pre-notch generation (1911-1916 birth cohorts) and
conclude that correcting the problem, though possibly desirable, could create new inequities and
would be administratively complex and financially burdensome.If you want to get a full essay, order it on our website: Ordercustompaper.com



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