Privatizing Social Security

Privatizing Social Security

by Martin Feldstein
     
 

View All Available Formats & Editions

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 SocialSee more details below

Overview

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

Read More

Editorial Reviews

Library Journal
Widespread recent interest in the financial viability of the Social Security system in the 21st century makes this book, edited by Harvard economist Feldstein, timely and important. A massive and dense study, it 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 allowing free choice of investments in stocks, bonds, and mortgages. Feldstein argues that not only would such a plan make Social Security financially sound but that it would also stimulate private savings and make labor markets more efficient. 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. Recommended for academic and larger public libraries.--Harry Frumerman, formerly with Hunter Coll., New York

Product Details

ISBN-13:
9780226241821
Publisher:
University of Chicago Press
Publication date:
04/15/2008
Series:
National Bureau of Economic Research Project Report
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
488
File size:
7 MB

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >