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A simple proposal for privatizing Social Security


  • David E. Altig
  • Jagadeesh Gokhale


An argument that shifting to a privatized, funded and contribution-based Social Security system could provide undiminished benefits to current retirees while simultaneously preserving the promise of a secure retirement for today's workers and their descendants.

Suggested Citation

  • David E. Altig & Jagadeesh Gokhale, 1996. "A simple proposal for privatizing Social Security," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
  • Handle: RePEc:fip:fedcec:y:1996:i:may1

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    References listed on IDEAS

    1. Klein, Michael W., 1993. "The accuracy of reports of foreign exchange intervention," Journal of International Money and Finance, Elsevier, vol. 12(6), pages 644-653, December.
    2. Kaminsky, Graciela L. & Lewis, Karen K., 1996. "Does foreign exchange intervention signal future monetary policy?," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 285-312, April.
    3. Owen F. Humpage, 1994. "Institutional aspects of U.S. intervention," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 2-19.
    4. Michael W. Klein & Eric S. Rosengren, 1991. "Foreign exchange intervention as a signal of monetary policy," New England Economic Review, Federal Reserve Bank of Boston, issue May, pages 39-50.
    5. Lewis, K., 1993. "Are Foreign Exchange Intervention and Monetary Policy Related and Does it Really Matter," Weiss Center Working Papers 93-11, Wharton School - Weiss Center for International Financial Research.
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    Cited by:

    1. David Neumark & Elizabeth T. Powers, 1996. "Consequences of means testing Social Security: evidence from the SSI program," Working Paper 9618, Federal Reserve Bank of Cleveland.
    2. Walter M. Cadette, "undated". "Safeguarding Social Security, The Challenge of Financing the Baby Boom's Retirement," Economics Public Policy Brief Archive ppb_34, Levy Economics Institute.
    3. Walter M. Cadette, 1997. "Social Security: The Challenge of Financing the Baby-Boom's Retirement," Macroeconomics 9711010, EconWPA.
    4. David E. Altig & Jagadeesh Gokhale, 1997. "Social Security privatization: a simple proposal," Working Paper 9703, Federal Reserve Bank of Cleveland.

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