Social Security Policy in a Changing Environment

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $59.29
Usually ships in 1-2 business days
(Save 46%)
Other sellers (Hardcover)
  • All (6) from $59.29   
  • New (4) from $100.63   
  • Used (2) from $59.29   


Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate.  It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options.    In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population.  The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.

Read More Show Less

Product Details

Meet the Author

Jeffrey R. Brown is the William G. Karnes Professor in the Department of Finance and director of the Center for Business and Public Policy in the College of Business at the University of Illinois at Urbana-Champaign. He also serves as associate director of the NBER Retirement Research Center.

Jeffrey B. Liebman is Malcolm Wiener Professor of Public Policy at the Kennedy School of Government, Harvard University, and a research associate of the NBER.

David A. Wise is the John F. Stambaugh Professor of Political Economy at the Kennedy School of Government, Harvard University, and director of the programs on aging and health care at the NBER.

Read More Show Less

Table of Contents




Jeffrey R. Brown, Jeffrey Liebman and David A. Wise

I. Innovative Approaches to Social Security Reform

1. Removing the Disincentives in Social Security for Long Careers

Gopi Shah Goda, John B. Shoven, and Sita Nataraj Slavov

Comment: Erzo F.P. Luttmer

2. Notional Defined Contribution Pension Systems in a Stochastic Context: Design and Stability

Alan J. Auerbach and Ronald Lee

Comment: Jeffrey Liebman


3. Reforming Social Security with Progressive Personal Accounts

John Geanakoplos and Stephen P. Zeldes

Comment: Jason Furman

II. Retirement Plan Choice

4. Who Chooses Defined Contribution Plans?

Jeffrey R. Brown and Scott J. Weisbenner

Comment: Brigitte C. Madrian

5. The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States

John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian

Comment: Jeffrey R. Brown



III. Reducing Financial Market Risk in Personal Retirement Accounts

6. Reducing the Risk of Investment-Based Social Security Reform

Martin Feldstein

Comment: David W. Wilcox

7. Pricing Personal Account Benefit Guarantees: A Simplified Approach

Andrew Biggs, Clark Burdick, and Kent Smetters

Comment: George G. Pennacchi

8. Reducing Social Security PRA Risk at the Individual Level – Lifecycle Funds and No-loss Strategies

James M. Poterba, Joshua Rauh, Steven F. Venti, and David A. Wise

Comment: Douglas W. Elmendorf

9. Changing Progressivity as a Means of Risk Protection in Investment-Based Social Security

Andrew A. Samwick

Comment: Michael Hurd

IV. Demographics, Asset Flows and Macroeconomic Markets

10. The Decline of Defined Benefit Retirement Plans and Asset Flows

James M. Poterba, Steven F. Venti, and David A. Wise

Comment: Jonathan Skinner

11. Demographic Change, Relative Factor Prices, International Capital Flows, and their Differential Effects on the Welfare of Generations

Alexander Ludwig, Dirk Krüger, and Axel Börsch-Supan

Comment: James M. Poterba

V. Mortality Projections

12. Is the U.S. Population Behaving Healthier?

David M. Cutler, Edward L. Glaeser, and Allison B. Rosen

Comment: James P. Smith

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)