LESON14B

LESON14B - Econ 275 Public Finance Winter 1994 Lesson#14 leson14b.275 Page Admin Lots of handouts on social security NPV of social security for

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Econ 275 - Public Finance - Winter 1994 - 2/24/94 - Lesson #14 - leson14b.275-- Page -- Admin Lots of handouts on social security NPV of social security for different earnings levels and family structure. Rosen (1992) Table 10.4 NPV of SS for different earnings and ages. Rosen (1992) Table 10.3 SS tax rates. Rosen (1992) Table 10.2 Major social insurance programs. Rosen (1992) Table 10.1 Table of SS benefits (1992?) from "Guide to Social Security and Medicare--1992) William M. Mercer, Inc. Finish Ch 7--Deal with incentive effects (20-30 minutes) Valuation of programs that don't change prices. Medicaid. Give stats on value to users. Work incentives--effective marginal tax rates. Start on social security. (Taken from in leson18a.475 and leson16a.275) Background Started in 1935 as one of Franklin Roosevelt's "New Deal" programs. First recipient, Ida Fuller, paid about $22 in SS taxes, lived until the age of 99 and collected about $20,000 in benefits: Rosen p207. That should have been a warning. Pay-as-you-go financing--current expenditures are paid for with
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This note was uploaded on 07/08/2010 for the course ECON 275 taught by Professor Mcintyre during the Winter '05 term at BYU.

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LESON14B - Econ 275 Public Finance Winter 1994 Lesson#14 leson14b.275 Page Admin Lots of handouts on social security NPV of social security for

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