It is unlikely that increases in federal employee pension contributions or reductions in pension benefits for future federal retirees would lower total compensation below federal workers’ reservation wage, which represents the minimum pay at which a worker will accept a particular type of job.

Joseph Antos' analysis of Medicare's fiscal crisis and reform options that could make the program sustatainable; a response to a request from 16 health professionals elected to the U.S. Senate and House of Representatives for public comment on Medicare reform. 

This event will examine more radical reforms that — while aiming to accomplish the same goals as the current Social Security program — would do so through fundamentally different structures.

Many public workers are overpaid relative to their private sector counterparts, especially in large, unionized states such as Wisconsin, Ohio and California. This may sound like a controversial claim, but it shouldn't. A consensus is building about the need for reform.

Ominously labeled "Taxmageddon," a host of tax policy changes are set to occur at year-end, and there truly is much at stake: $3.67 trillion of additional tax revenue over 10 years from the Bush tax cuts alone.

Social Security's retirement age should not be increased for anyone on the verge of retirement, but there's a good case for doing so over coming decades, as the Baby Boomers retire and the population ages.

Unless strong action is taken, federal health spending will continue to outpace the economy for the indefinite future.