Administrative aspects of investment-based social security reform / edited by John B. Shoven.

Format:

Book

Contributor:

Shoven, John B.

Series:

Conference report (National Bureau of Economic Research)

National Bureau of Economic Research conference report

Language:

English

Subjects (All):

Privatization--United States--Congresses.

Privatization.

Social security--United States--Congresses.

Social security.

Social security--United States--Finance--Congresses.

Physical Description:

1 online resource (250 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, c2000.

Language Note:

English

Summary:

Social security reform in the United States continues to be a pressing and contentious issue, with advocates touting some form of a centralized or a privatized system of personal accounts. In general, centralized systems offer low administrative costs, but are potentially subject to political mismanagement and appropriation. Privatized account systems, on the other hand, offer higher yields with more flexibility, but may prove too expensive and logistically daunting to implement. Uniting learned and outspoken proponents on both sides of the debate, this volume provides the first comprehensive analysis of the issues involved in administering a system of essentially private social security accounts. The contributors together come to startlingly similar conclusions, generally agreeing that a centralized system of accounts could deliver the benefits of privatization in a feasible and cost-efficient way by accessing administrative mechanisms already in existence. This is perhaps the most far-reaching synthesis yet envisioned of functional and implementable social security reform.

Contents:

Front matter

Contents

Acknowledgments

Introduction

1. Reforming Social Security. A Practical and Workable System of Personal Retirement Accounts

2. Administering a Cost-Effective. National Program of Personal Security Accounts

3. Mutual Funds and Institutional Investments What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?

4. Administrative Costs and Equilibrium Charges with Individual Accounts

5. The Costs of Annuitizing Retirement Payouts from Individual Accounts

6. Panel Session: Industry Perspectives

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786611224042

9781281224040

1281224049

9780226754819

0226754812

OCLC:

437247539