Issues in Privatizing Social Security: Report of an Expert Panel of the National Academy of Social Insurance / Edition 1

Issues in Privatizing Social Security: Report of an Expert Panel of the National Academy of Social Insurance / Edition 1

by Peter A. Diamond, National Academy of Social Insurance Staff
     
 

ISBN-10: 0262041774

ISBN-13: 9780262041775

Pub. Date: 06/25/1999

Publisher: MIT Press

This study addresses many important aspects of two politically charged proposals to remedy the Social Security crisis.

Overview

This study addresses many important aspects of two politically charged proposals to remedy the Social Security crisis.

Product Details

ISBN-13:
9780262041775
Publisher:
MIT Press
Publication date:
06/25/1999
Edition description:
New Edition
Pages:
186
Product dimensions:
(w) x 8.10(h) x (d)
Age Range:
18 Years

Table of Contents

Preface xv
Executive Summary 1(32)
Introduction 33(104)
Background
33(4)
Report Scope and Organization
37(2)
Advance Funding vs. Pay-As-You-Go
39(8)
Social Security Finances
39(3)
Increased Advance Funding and National Savings
42(5)
Investment Policy
47(20)
Individual Portfolio Choice and Returns
47(3)
Risks and Returns with Trust Fund Investment in Stocks and Corporate Bonds
50(2)
Money's Worth and Investment in Stocks
52(2)
Effects on the Aggregate Economy of Trust Fund
54(4)
Structural and Political Issues Associated with Private Investment
58(9)
Individual Accounts vs. Single Collective Fund
67(44)
Administrative Structure and Costs
67(2)
Box: Tasks in Implementing Individual Accounts
69(6)
An Illustrative Low-Cost/ Low-Services Plan
75(8)
Economics of Accumulation
83(7)
Benefit Structure
90(6)
Individual Values
96(1)
Political Concerns
97(11)
Recapping
108(3)
Issues of Choice
111(12)
Choice in Investment Options
111(3)
Choice of Annuitization
114(5)
Voluntary Individual Accounts
119(4)
Private vs. Government Collection, Management, and Distribution
123(14)
Collection
123(4)
Organization of Accounts
127(7)
Annuitization
134(3)
Conclusion 137(4)
Glossary 141(10)
Notes 151(8)
References 159(4)
Appendixes A and B 163

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