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Increasing benefits lead to increasing difference in giving-up thresholds between the turn-taking strategy and the contest strategy (figure 2 b).
He could reduce marginal deduction rates by not increasing benefits.
Mr. Gore, too, has proposed increasing benefits for the troops.
He then proposed increasing benefits for widows and low-income workers.
We should go beyond "saving Social Security" to both strengthening the Trust Fund and increasing benefits.
In approving the increases, the trustees cited rising energy costs, increasing benefits for faculty and declining state financing.
The great thing about feeding infants well is that it starts a virtuous circle, with increasing benefits for succeeding generations.
Not only would this be costlier than targeting lone parents; by increasing benefits, it would make work less attractive.
But increasing benefits substantially will be difficult as the ratio of pensioners to working-age migrants increases.
In fact, Senator Elizabeth Warren – a potential Democratic presidential contender for 2016 – has proposed increasing benefits, and that makes a lot more sense.
There is also a shopping list of spending commitments, including increasing benefits and tax thresholds in line with inflation, instead of sticking to George Osborne's 1% cap.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com