Wharton Pension Research Council Working Papers

Document Type

Working Paper

Date of this Version



Reform of retirement and health care entitlements is inevitable, but its ultimate format remains uncertain. Any entitlement reform should take advantage of the additional resources provided by economic growth and the rise in demand for and supply of older workers. Recognizing the potential from those two forces argues for constructing reforms aimed largely at three goals: better orientation of public-sector retirement resources to needier and older populations; removal of obstacles to increased employment of older workers; and private-pension reform that provides the long-sought second tier of support in older ages.


The published version of this Working Paper may be found in the 2016 publication: Reimagining Pensions.


Federal budget, entitlements, pension reform, Social Security, Medicare, health care, health cost growth

Working Paper Number


Copyright/Permission Statement

All opinions, findings, interpretations, and conclusions of this paper represent the views of the authors and not those of the Wharton School or the Pension Research Council. © 2014 Pension Research Council of the Wharton School of the University of Pennsylvania.

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Economics Commons



Date Posted: 26 June 2019