Figure 6.
Source: Authors‘ calculations using the microsimulation model. Amounts in billion $2004 and represent the difference between the European scenario and the status quo scenario as defined in Figure 4. Present discounted value calculated using a 3% real discount rate from 2004 to 2050. Tax revenue includes Federal, State and Social Security and Medicare Taxes. SS stands for Social Security Benefit Payments, DI for disability insurance payments, SSI for Supplemental Security Income payments.