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2½ Proposals to Save Social Security

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  • Deborah Fretz
  • Michael R. Veall

Abstract

This is a review article of three books that deal with the problems facing the U.S. Social Security system. One deals with the OASDI (Old‐Age, Survivors and Disability Insurance) financial shortfall and proposes an alternative plan with both a tier one benefit and a tier two provision based on personal saving accounts. A second considers the social insurance system more comprehensively, arguing for a grand reform that would include new programs, particularly in the areas of child care and housing. A third largely confines itself to arguing against those who wish to change the OASDI plan because of the financial projections, although it also argues for a more comprehensive health care insurance system. The review concludes that key differences expressed in the books, particularly between the first and third, rest on different value judgments regarding intergenerational equity and the role of government.

Suggested Citation

  • Deborah Fretz & Michael R. Veall, 2001. "2½ Proposals to Save Social Security," Southern Economic Journal, John Wiley & Sons, vol. 67(3), pages 764-775, January.
    • Handle: RePEc:wly:soecon:v:67:y:2001:i:3:p:764-775
    DOI: 10.1002/j.2325-8012.2001.tb00370.x
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    References listed on IDEAS

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    1. Laurence J. Kotlikoff, 1997. "It's High Time to Privatize: Panel Discussion," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, issue jun, pages 293-296.
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    4. A. B. Atkinson, 1999. "The Economic Consequences of Rolling Back the Welfare State," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011719, December.
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