03153oam 2200613Mu 450 991077862750332120190503073427.00-262-29223-80-262-26669-50-585-07783-5(CKB)111000211166082(OCoLC)614623414(CaPaEBR)ebrary10015373(SSID)ssj0000245667(PQKBManifestationID)11202480(PQKBTitleCode)TC0000245667(PQKBWorkID)10177161(PQKB)11037051(MiAaPQ)EBC3338473(OCoLC)923250064(OCoLC-P)923250064(MaCbMITP)6219(Au-PeEL)EBL3338473(CaPaEBR)ebr10015373(EXLCZ)9911100021116608220151010d2015 uy 0engurcn|||||||||txtccrShould the United States Privatize Social Security?Cambridge MIT Press20151 online resource (190 p.)"The Alvin Hansen Symposium on Public Policy, Harvard University."Papers and discussion from the Second Alvin Hansen Symposium held on April 27, 1998.0-262-01174-3 Includes bibliographical references and index.The two papers that make up the core of this book address what is perhaps the most fundamental question in the current debate over Social Security: whether to shift, in part or even entirely, from today's pay-as-you-go system to one that is not just funded but also privatized in the sense that individuals would retain control over the investment of their funds and, therefore, personally bear the associated risk. John Shoven argues yes, Henry Aaron no. Theoretical issues such as the likely effects on saving behavior and capital formation figure importantly in this discussion. But so do a broad array of practical considerations such as the expense of fund management and accounting, questions about how the public would regard the fairness of any new system, and the impact of recent developments in the federal budget and the U.S. stock market.The book also includes responses to both papers by four prominent economists--Robert J. Barro and David M. Cutler, of Harvard University; Alicia H. Munnell, of Boston College; and James Tobin, of Yale University--as well as Henry Aaron's and John Shoven's replies. The introductory remarks are by Benjamin M. Friedman.Social securityUnited StatesCongressesPrivatizationUnited StatesCongressesSOCIAL SCIENCES/Political Science/Public Policy & LawSocial securityPrivatization368.4/3/00973Shoven John B88721Aaron Henry J113318Alvin Hansen Symposium on Public Policy(2nd :1998 :Harvard University)OCoLC-POCoLC-PBOOK9910778627503321Should the United States privatize Social Security506797UNINA