Consider three groups of social security participants

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Consider three groups of Social Security participants – single persons, one-earner couples, and two-earner couples. Discuss the distributional consequences on each of these groups of the implementation of the following Social Security system changes (assume Social Security taxes will be raised or lowered to ensure sufficient funding):

-Ending the spouse benefit

-Ending the survivor benefit

-Instituting a pure individualized account system where each person’s taxes are placed in their own personalized account for them to invest as they see fit.

Reference no: EM131173873

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