In the Spring of 2016, the Social Security Advisory Board commissioned a panel of five prominent labor economists and charged them with (1) evaluating the assumptions of the Social Security Board of Trustees and the methods employed by the Office of the Chief Actuary as they pertain to the projections of the size of the labor force and rates of labor force participation; and with (2) making recommendations as to how those assumptions and methods could best be improved. Although fashioned on the model of the quadrennial Technical Panels on Assumptions and Methods, this was the first panel commissioned by the Board to address a single topic relevant to the financial projections described in the annual Trustees Report.
Members of the Panel
Robert A. Moffitt (Chair), Krieger-Eisenhower Professor of Economics at Johns Hopkins University
Gary Burtless, John C. and Nancy D. Whitehead Senior Fellow at the Brookings Institution
Chinhui Juhn, Henry Graham Professor of Economics at the University of Houston
Kathleen McGarry, Professor of Economics, UCLA
Kevin M. Murphy, George J. Stigler Distinguished Service Professor of Economics in the Department of Economics and Graduate School of Business, University of Chicago