Shoven, John B.; Slavov, Sita N.; Watson, John G. - National Bureau of Economic Research - 2021
The Social Security trust fund will be exhausted in the early 2030s. The U.S. government will need to make a choice … leaves young and middle-aged workers not knowing whether they will face Social Security benefit cuts, payroll tax increases … happen when the trust fund runs dry. This paper examines the cost of government indecision on Social Security reform. We …