Social Security and Fertility

Published February 23, 2005

Delivered at the Family Research Council

Commenting on a paper by Allan Carlson at the Family Research Council, EPPC Fellow John Mueller agrees that Social Security affects fertility: positively if the program is of modest size, but negatively if it grows too large. Fertility also affects Social Security: He shows that the program’s entire expected deficit resulted from the drop in fertility caused by legal abortion.  The main problem for Social Security reform is to avoid the “societal death spiral” already engulfing Europe and Japan, which would be triggered either by allowing Social Security to mushroom under current law, or by extracting forced saving from workers with compulsory retirement accounts. The “death spiral” can be avoided if legal abortion is ended and Social Security balanced by cutting surplus payroll taxes now and scaling back future retirement benefits in the same proportion. Available online in two formats: PowerPoint and PDF.

 Social Security and Fertility (PowerPoint)

 Social Security and Fertility (PDF)

Most Read

This field is for validation purposes and should be left unchanged.

Sign up to receive EPPC's biweekly e-newsletter of selected publications, news, and events.

Upcoming Event |

Roger Scruton: America


Your support impacts the debate on critical issues of public policy.

Donate today

More in Economics and Ethics