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- Title
ESTIMATED COST OF OLD-AGE AND SURVIVORS INSURANCE.
- Authors
Sollenberger, I. J.
- Abstract
This article presents an estimation of insurance plan costs of old-age and survivors with and without assumed changes for selected years. Many responsible persons have come to accept the principle of public insurance and to advocate its application to a greater degree as a means of providing a floor of protection to the individual worker and his family against loss of income as a result of old age, death, invalidity, accident, sickness, maternity, and unemployment. The only part of a comprehensive public insurance program on which it is possible to make a moderately well-substantiated cost study is Old-Age Insurance. It is for these reasons that the Federal Old-Age and Survivors Insurance program was selected for study. The years 1955, 1980 and 2000 were selected as significant for setting forth the cost of the program. Since the number of beneficiaries for old-age benefits is expected to increase from year to year, even beyond the year 2000, cost estimates for the last year of the study, 2000, are not to be taken as the maximum.
- Subjects
UNITED States; SURVIVORS' benefits; BENEFICIARIES; OLD age assistance; LIFE insurance; PENSIONS
- Publication
Quarterly Journal of Economics, 1945, Vol 59, Issue 3, p427
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1884573