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The Virtues of Personal Accounts for Social Security: A Comment to Lazear

Author

Listed:
  • Alberto Chilosi

    (Department of Economics University of Pisa)

Abstract

Edward P. Lazear‘s thesis that “personal accounts are more consistent with economic principles, avoid government moral hazard, and provide more security than government Social Security” is unsound. The same applies to a number of other statements that are made in the process of expounding the main thesis.

Suggested Citation

  • Alberto Chilosi, 2005. "The Virtues of Personal Accounts for Social Security: A Comment to Lazear," Public Economics 0506008, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwppe:0506008
    Note: Type of Document - pdf; pages: 4
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/pe/papers/0506/0506008.pdf
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    More about this item

    Keywords

    Personal accounts; social security; pensions;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H - Public Economics

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