The retirement income security of older Americans and the cost of providing that security are increasingly the subject of major debate. This volume assesses what we know and recommends what we need to know to estimate the short- and long-term effects of policy alternatives. It details gaps in data and research and evaluates possible models to estimate the impact of policy changes that could affect retirement income from Social Security, pensions, personal savings, and other sources.
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Constance F. Citro and Eric A. Hanushek, Editors; Panel on Retirement Income Modeling, National Research Council
Assessing policy options requires the use of projection models, research, and data. Projection models, which take a variety of forms, are the tools that estimate the likely effects of current and alternative policies. They answer 'what if' questions and project future outcomes by using data and research from a wide range of sources.
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