Should the United States Privatize Social Security?
AbstractThe two papers that make up the core of this book address what is perhaps the most fundamental question in the current debate over Social Security: whether to shift, in part or even entirely, from today's pay-as-you-go system to one that is not just funded but also privatized in the sense that individuals would retain control over the investment of their funds and, therefore, personally bear the associated risk. John Shoven argues yes, Henry Aaron no. Theoretical issues such as the likely effects on saving behavior and capital formation figure importantly in this discussion. But so do a broad array of practical considerations such as the expense of fund management and accounting, questions about how the public would regard the fairness of any new system, and the impact of recent developments in the federal budget and the U.S. stock market.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoThis book is provided by The MIT Press in its series MIT Press Books with number 0262011743 and published in 1999.
Contact details of provider:
Web page: http://mitpress.mit.edu
social security; privatization; fund management;
Find related papers by JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- PESTIEAU, Pierre & POSSEN, Uri, 2000. "Macroeconomic implications of switching the social security trust fund towards a greater investment in equities," CORE Discussion Papers 2000035, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Sita Nataraj & John B. Shoven, 2003. "Comparing the Risks of Social Security with and without Individual Accounts," American Economic Review, American Economic Association, vol. 93(2), pages 348-353, May.
- Helmut Cremer & Pierre Pestieau, 1999. "Coping with the pension crisis: is it a demographic, financial or political problem?," CREPP Working Papers 9907, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège.
- Sergio Cesaratto, 2002. "The Economics of Pensions: A non-conventional approach," Review of Political Economy, Taylor & Francis Journals, vol. 14(2), pages 149-177.
- Pestieau, Pierre & Possen, Uri M., 2000.
"Investing Social Security in the Equity Market. Does it Make a Difference?,"
National Tax Journal,
National Tax Association, vol. 53(n. 1), pages 41-58, March Cit.
- PESTIEAU, Pierre & POSSEN, Uri M., . "Investing social security in the equity market. Does it make a difference?," CORE Discussion Papers RP -1444, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Forum Franco Allemand, 2001. "EU Labour Markets," Working Papers 2001-05, CEPII research center.
- Christopher Niggle, 2003. "Globalization, Neoliberalism and the attack on social security," Review of Social Economy, Taylor & Francis Journals, vol. 61(1), pages 51-71.
- Jousten, Alain & Pestieau, Pierre, 2001.
"Labour Mobility, Redistribution And Pensions Reform In Europe,"
CEPR Discussion Papers
2792, C.E.P.R. Discussion Papers.
- Alain Jousten & Pierre Pestieau, 2002. "Labor Mobility, Redistribution, and Pension Reform in Europe," NBER Chapters, in: Social Security Pension Reform in Europe, pages 85-108 National Bureau of Economic Research, Inc.
- Sergio Cesaratto, 2004. "The controversy over the US Social Security Surplus. A non conventional view," Department of Economics University of Siena 418, Department of Economics, University of Siena.
- Deutsch-Französisches Wirtschaftspolitisches Forum (Ed.), 2001. "The impact of Eastern enlargement on EU-labour markets. Pensions reform between economic and political problems," ZEI Working Papers B 12-2001, ZEI - Center for European Integration Studies, University of Bonn.
- Gupta Ramesh, . "Pension Reforms in India: Myth, Reality and Policy Choices," IIMA Working Papers WP2002-09-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
- Bossi, Luca, 2008. "Intergenerational risk shifting through social security and bailout politics," Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2240-2268, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jake Furbush).
If references are entirely missing, you can add them using this form.