Research Catalog
Privatizing social security
- Title
- Privatizing social security / edited by Martin Feldstein.
- Publication
- Chicago : University of Chicago Press, 1998.
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Request in advance | HD7105.4 .P75 1998 | Off-site |
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Details
- Additional Authors
- Feldstein, Martin S.
- Description
- x, 471 pages : illustrations; 24 cm.
- Summary
- 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.
- The aging of the population will raise the cost of maintaining the existing pay-as-you-go tax financed system of social security pensions. Government actuaries estimate that the payroll tax rate would have to rise to more than 18 percent to maintain the current relation between benefits and lifetime earnings.
- To avoid such cost increases, the United States is now considering following the lead of other countries that have shifted from the pay-as-you-go method of financing pensions to systems based on mandatory saving during the working years. This book will be of interest to government policy makers and private pension experts, in addition to economists.
- Series Statement
- A National Bureau of Economic Research project report
- Uniform Title
- National Bureau of Economic Research project report.
- Subjects
- Bibliography (note)
- Includes bibliographical references and indexes.
- Contents
- Introduction / Martin Feldstein -- 1. The Chilean Pension Reform: A Pioneering Program / Sebastian Edwards -- Comment / Stephen P. Zeldes -- 2. Australia's Retirement Income System / Malcolm Edey and John Simon -- Comment / John Piggott -- 3. The Roles of the Public and Private Sectors in the U.K. Pension System / Alan Budd and Nigel Campbell -- Comment / Richard Disney -- 4. Pension System Reform: The Mexican Case / Carlos Sales-Sarrapy, Fernando Solis-Soberon and Alejandro Villagomez-Amezcua -- Comment / Aaron Tornell -- 5. The Shift to a Funded Social Security System: The Case of Argentina / Joaquin Cottani and Gustavo Demarco -- Comment / Anita M. Schwarz -- 6. The Transition Path in Privatizing Social Security / Martin Feldstein and Andrew Samwick -- Comment / John B. Shoven -- 7. Simulating the Privatization of Social Security in General Equilibrium / Laurence J. Kotlikoff -- Comment / Thomas J. Sargent --
- 8. Privatizing Social Security: First-Round Effects of a Generic, Voluntary, Privatized U.S. Social Security System / Alan L. Gustman and Thomas L. Steinmeier -- Comment / David M. Cutler -- 9. Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement / James M. Poterba and David A. Wise -- Comment / Jack L. VanDerhei -- 10. Administrative Costs in Public and Private Retirement Systems / Olivia S. Mitchell -- Comment / Sylvester J. Schieber.
- ISBN
- 0226241017 (cloth)
- LCCN
- 97043851
- OCLC
- 38010547
- ocm38010547
- Owning Institutions
- Columbia University Libraries