While college costs have risen significantly in the past few decades, some of those cost increases can be partially mitigated by financial aid for low-income families. But many low- and moderate-income families vastly overestimate the cost of college, leading them to assume that enrolling their children in college, particularly a four-year school,…

This paper examines people's attitudes toward public spending on education in Japan. It is well known that Japan has the smallest public education expenditure relative to GDP among the OECD countries, and this may yield unequal opportunities in education. The tax burden in Japan is small compared to those in OECD countries, and there may be no…

There's not a school business official in the country who isn't dealing with budget cuts and trying to do more with less. This article shares some proven strategies to help school districts reduce spending and address personnel issues associated with retirement plans. Because public education employers are exempt from the Employee Retirement…

Purpose: This study compared the official poverty rate for adults aged 65 years and older with alternative measures that portray the true resources and needs of older adults. Design and Methods: The analysis used data from the 2004 Health and Retirement Study on income, assets, in-kind transfers, and out-of-pocket medical expenses. It also…

For many decades, the six national disability advocacy organizations that endorse the legislative agenda contained in this document have recognized the vital role the federal government plays in the everyday lives of children and adults with developmental disabilities and their families. From civil rights protections to community housing, from…

Analysis and discussion of Social Security policy are usually based on expected fiscal and societal outcomes. However, future demographic and economic trends are uncertain, and thus ultimate outcomes for aggregate system financial flows and the distribution of taxes and benefits across generations are uncertain. This paper analyzes a…

Examines the redistributional effect of social security (OASI) by tracing payments and benefits over a person's lifetime. Concludes that OASI benefits, which traditionally exceeded the amount contributed for all income categories, will fail to do the same for future generations. (Author/JDH)

Several arguments that government policy--income redistribution and support of the poor, higher marginal income taxes, and social security--has depressed saving are found wanting. Also hard to sustain is the argument that investment demand has been depressed by tax policy. Current government policy will not improve saving and investment. (RM)

Concern over Social Security's forecasted long-run deficit is occurring at a time when the program has a short-term surplus. One proposed strategy to address this forecasted deficit is to allow the investment of a portion of payroll taxes into private savings accounts (PSAs). The author analyzes recent proposals for PSAs and concludes that PSAs…

Fefferman argues that mandatory Social Security coverage for teachers and other government employees assures their own pension protection and equalizes their contributions with their potential Social Security benefits. Brundige feels that teachers already have superior retirement plans and should not be forced to bail out the ailing Social…

Data from the Survey of Income and Program Participation were matched with longitudinal earnings histories and Social Security benefit data to estimate joint work and benefit receipt choices for people age 62 and older. The probability of working is shown to depend on worker characteristics and policy variables. (Author)

Social Security program has over the period become unsustainable from tax finance and imply reforms that would cut down on benefits of the elderly. The implications are that elderly may have to increase their post-retirement working, reduce consumption and opt for shared living rather than independent living conditions. The last of the three…

Private schools can "...provide much more attractive retirement benefits for the same cost by funding retirement plans outside Social Security. (Author)

Many universities seeking to upgrade their faculties are willing to offer educational assistance scholarships, loans, and grants to current faculty. This permits a university to retain and upgrade desirable faculty while encouraging them to increase their academic credentials. Ways to minimize the tax consequences are explored.(MLW)

Projected implications of population aging are based on a definition of retirement age as 65. This article discusses the concept of "equivalent retirement ages" as a method for determining appropriate age for normal retirement and points out usefulness and limitations of raising normal retirement age as a policy instrument. (BF)