Argentina Hotels Travel :: Privatizing Social Security (National Bureau of Economic Research Project Report)

Argentina Hotels Travel - Privatizing Social Security (National Bureau of Economic Research Project Report)

Privatizing Social Security (National Bureau of Economic Research Project Report)
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Manufacturer: University Of Chicago Press
Average Customer Rating: Average rating of 4.0/5Average rating of 4.0/5Average rating of 4.0/5Average rating of 4.0/5Average rating of 4.0/5

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Binding: Hardcover
Dewey Decimal Number: 332.67254
EAN: 9780226241012
ISBN: 0226241017
Label: University Of Chicago Press
Manufacturer: University Of Chicago Press
Number Of Items: 1
Number Of Pages: 488
Publication Date: 1998-09-01
Publisher: University Of Chicago Press
Studio: University Of Chicago Press

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Editorial Reviews:

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



Spotlight customer reviews:

Customer Rating: Average rating of 4/5Average rating of 4/5Average rating of 4/5Average rating of 4/5Average rating of 4/5
Summary: A vital study that doesn't go far enough
Comment: Social security used to be called the third rail of American politics, because any politician who touched it was risking political death. Thankfully, that characterization is no longer apt. The impending crisis of Social Security has forced politicians of both parties to think seriously about reform. Although the dominant view in Congress is still that Social Security can be "saved" by a judicious combination of benefit cuts and tax increases, successful privatizations elsewhere have broadened the horizon of the politically feasible. The collection of papers on privatization edited by Martin Feldstein is therefore both timely and vital.Privatizing Social Security contains ten papers plus comments and an introduction. Five of the papers examine privatizations abroad (in Chile, Australia, the United Kingdom, Mexico, and Argentina). Three papers model the economic effects of various privatization plans in the United States, paying particular attention to the transition path from a government system to a private one. One paper reviews the evidence on how individuals currently structure their voluntary retirement plans. A final paper surveys the evidence on administrative costs in public and private retirement systems....Privatizing Social Security contains many excellent papers that analyze privatization both in theory and in practice, but unfortunately the authors, without exception, accept the premise of social security as given and unchallengeable.... Eliminating Social Security altogether is not currently feasible, but political expediency is no excuse for avoiding fundamental questions.


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