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A guide to Social Security money's worth issues

D R Leimer

    Social Security Bulletin
    |January 1, 1995
    PubMed
    Summary
    This summary is machine-generated.

    This study examines whether workers get good value from Social Security. It explains key concepts and summarizes findings from money

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    Area of Science:

    • Economics
    • Public Policy
    • Social Insurance

    Background:

    • Social Security is a critical social insurance program.
    • Understanding the financial returns for participants is essential for policy evaluation.

    Purpose of the Study:

    • To discuss major issues in evaluating worker "money's worth" from Social Security.
    • To provide accessible explanations of technical terms and concepts in the money's worth literature.

    Main Methods:

    • Review and discussion of the "money's worth" literature.
    • Explanation of key analytical methods, assumptions, and measures used in studies.
    • Summarization of findings from money's worth analyses.

    Main Results:

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  • Workers' "money's worth" from Social Security is a complex issue with varied analytical approaches.
  • Key findings from existing studies are summarized, highlighting different perspectives on value received.

    • Conclusions:

    • Money's worth analyses provide insights into Social Security's value proposition for workers.
    • Cautions regarding the limitations and appropriate use of these analyses are emphasized.