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2 1/2 Proposals to Save Social Security

Author

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  • Deborah Fretz
  • Michael 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 which 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 Veall, 2000. "2 1/2 Proposals to Save Social Security," Social and Economic Dimensions of an Aging Population Research Papers 35, McMaster University.
  • Handle: RePEc:mcm:sedapp:35
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    File URL: http://socserv.mcmaster.ca/sedap/p/sedap35.pdf
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    Keywords

    social security; intergenerational equity; role of government;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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