Privatizing social security / edited by Martin Feldstein.

Format:

Book

Contributor:

Feldstein, Martin S.

Series:

National Bureau of Economic Research project report.

National Bureau of Economic Research project report

Language:

English

Subjects (All):

Pension trusts--Cross-cultural studies.

Pension trusts.

Pension trusts--United States.

Social security individual investment accounts--United States.

Social security individual investment accounts.

Physical Description:

1 online resource (484 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 1998.

Language Note:

English

Summary:

This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." -Library Journal "[A] high-powered collection of essays by top experts in the field."-Timothy Taylor, Public Interest

Contents:

Front matter

Contents

Preface

Introduction

1. The Chilean Pension Reform: A Pioneering Program

2. Australia's Retirement Income System

3. The Roles of the Public and Private Sectors in the U.K. Pension System

4. Pension System Reform: The Mexican Case

5. The Shift to a Funded Social Security System: The Case of Argentina

6. The Transition Path in Privatizing Social Security

7. Simulating the Privatization of Social Security in General Equilibrium

8. Privatizing Social Security: First-Round Effects of a Generic, Voluntary, Privatized U.S. Social Security System

9. Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement

10. Administrative Costs in Public and Private Retirement Systems

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786611430894

9781281430892

1281430897

9780226241821

0226241823

OCLC:

476228968