1.

Record Nr.

UNINA9910812899603321

Titolo

Privatizing social security / / edited by Martin Feldstein

Pubbl/distr/stampa

Chicago, : University of Chicago Press, 1998

ISBN

1-281-43089-7

9786611430894

0-226-24182-3

Edizione

[1st ed.]

Descrizione fisica

1 online resource (484 p.)

Collana

National Bureau of Economic Research project report

Altri autori (Persone)

FeldsteinMartin S

Disciplina

332.67/254

Soggetti

Pension trusts

Pension trusts - United States

Social security individual investment accounts - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Front matter -- Contents -- Preface -- Introduction -- 1. The Chilean Pension Reform: A Pioneering Program -- 2. Australia's Retirement Income System -- 3. The Roles of the Public and Private Sectors in the U.K. Pension System -- 4. Pension System Reform: The Mexican Case -- 5. The Shift to a Funded Social Security System: The Case of Argentina -- 6. The Transition Path in Privatizing Social Security -- 7. Simulating the Privatization of Social Security in General Equilibrium -- 8. Privatizing Social Security: First-Round Effects of a Generic, Voluntary, Privatized U.S. Social Security System -- 9. Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement -- 10. Administrative Costs in Public and Private Retirement Systems -- Contributors -- Author Index -- Subject Index

Sommario/riassunto

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