ISSN:
1573-7810
Source:
Springer Online Journal Archives 1860-2000
Topics:
Energy, Environment Protection, Nuclear Power Engineering
,
Sociology
Notes:
Abstract Advocates of immigration to save Social Security (S.S.) assume that a pay-as-you-go system will work over the long run. That assumption is not shared by the Social Security Board of Trustees. Reflection shows that it would entail ever-larger new cohorts of immigrants to support those who are retiring, in effect, a Ponzi scheme. In fact, the benefits structure of the S.S. system, which pays out proportionately more to low-wage earners than to high-wage earners relative to their contributions, taken together with the income profile of post-1969 immigrants, means that the more immigration which occurs, the deeper into insolvency the system falls.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1024664608242
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