Is It Really a Pension? It’s a Problem

CNBC - The new paper, by Alan L. Gustman, an economics professor at Dartmouth; Thomas Steinmeier, an economics professor at Texas Tech; and Nahid Tabatabai, a researcher at Dartmouth, set out to estimate just how much those added benefits cost. That is harder than it seems, given the complexity of changes in Social Security law over the decades. But the authors had access to a lot of data from the Social Security Administration, which financed the study through the Michigan Retirement Research Center, and their estimates seem reasonable.

Is Social Security a pension plan?

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The new paper, by Alan L. Gustman, an economics professor at Dartmouth; Thomas Steinmeier, an economics professor at Texas Tech; and Nahid Tabatabai, a researcher at Dartmouth, set out to estimate just how much those added benefits cost. That is harder than it seems, given the complexity of changes in Social Security law over the decades. But the authors had access to a lot of data from the Social Security Administration, which financed the study through the Michigan Retirement Research Center, and their estimates seem reasonable.

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