LEADER 03153oam 2200613Mu 450 001 9910778627503321 005 20190503073427.0 010 $a0-262-29223-8 010 $a0-262-26669-5 010 $a0-585-07783-5 035 $a(CKB)111000211166082 035 $a(OCoLC)614623414 035 $a(CaPaEBR)ebrary10015373 035 $a(SSID)ssj0000245667 035 $a(PQKBManifestationID)11202480 035 $a(PQKBTitleCode)TC0000245667 035 $a(PQKBWorkID)10177161 035 $a(PQKB)11037051 035 $a(MiAaPQ)EBC3338473 035 $a(OCoLC)923250064 035 $a(OCoLC-P)923250064 035 $a(MaCbMITP)6219 035 $a(Au-PeEL)EBL3338473 035 $a(CaPaEBR)ebr10015373 035 $a(EXLCZ)99111000211166082 100 $a20151010d2015 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aShould the United States Privatize Social Security? 210 $aCambridge $cMIT Press$d2015 215 $a1 online resource (190 p.) 300 $a"The Alvin Hansen Symposium on Public Policy, Harvard University." 300 $aPapers and discussion from the Second Alvin Hansen Symposium held on April 27, 1998. 311 $a0-262-01174-3 320 $aIncludes bibliographical references and index. 330 $aThe 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. 606 $aSocial security$zUnited States$vCongresses 606 $aPrivatization$zUnited States$vCongresses 610 $aSOCIAL SCIENCES/Political Science/Public Policy & Law 615 0$aSocial security 615 0$aPrivatization 676 $a368.4/3/00973 700 $aShoven$b John B$088721 701 $aAaron$b Henry J$0113318 712 12$aAlvin Hansen Symposium on Public Policy$d(2nd :$f1998 :$eHarvard University) 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910778627503321 996 $aShould the United States privatize Social Security$9506797 997 $aUNINA