study, 44 pages, 8.5" x 11" (saddle-stitched), 1998
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The looming retirement of the baby boom generation, the press and policy makers generally agree, is going to place such enormous pressure on our social safety net that drastic measures are needed immediately in order to stave off catastrophe. This new study disagrees, and argues that the threats posed to Social Security and other social programs by changing demographics are greatly exaggerated. Moreover, the small increased costs that future workers will have to pay to fund their elders' retirement will pale in comparison to the impact on workers' incomes of rising health care costs, increasing wage inequality, and the failure of the nation to invest in the education of its workforce.
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