… and discuss how fiscal policy choices impact the competitive equilibrium … We allow Gt to vary
during transition to balance the … supply in the short run, and capital in the long run, declining …

… Public transfers at the Federal level need not balance. The … Security and Medicare trust funds
may be used to fund transfers to … the effects of alternative choices but policy makers and the …

… entry and educational choices. Consumers face age and … to finance spending on public goods
and services Gt, balance social … denotes OASDI cap. To replicate the progressive nature of …

… WEP to reduce claimants’ OASDI Benefits payments based on … Foreign pension trust schemes
have been one of the choices … bank account of which the highest aggregate balance was …

… Trust Fund’s Board of Trustees estimates that providing benefits under the current formula
will result in a deficit of $9.4 trillion over the next 75 years (OASDI … a balance between work …

… choices to bond, stock, and money market funds. The … trust fund established for pension
accumulations, the pension promise represents a long-term claim against the corporate balance …

… system that captures the specifics of the US OASDI program. … 30Since we are interested in
long run (real) phenomena, we … an increase in the pension balance deficit due to a larger DR. …

… a disproportionate part of the balance sheet of low and middle-… on the year that the trust
fund is projected to run out, the total … , early/late retirement choices, and benefit adjustments for …

… if policy makers continue to make choices like they have in the … , Survivors, and Disability
Insurance (OASDI), we project all … The Fed has sharply expanded its balance sheet since the …

… The relatively small OASDI trust fund in principle represents … deficit (plus the current trust
fund balance). The overall … ’s worth calculations, policy analysis of solvent alternatives is …