LEADER 03540nam 2200649Ia 450 001 9910817760403321 005 20200520144314.0 010 $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 $a19990106d1999 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aShould the United States privatize Social Security? /$fHenry J. Aaron and John B. Shoven ; edited and with an introduction by Benjamin M. Friedman 205 $a1st ed. 210 $aCambridge, Mass. $cMIT Press$dc1999 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. 327 $aShould the United States Privatize Social Security? -- Contents -- Introduction -- Social Security Reform: Two Tiers Are Better Than One -- Social Security: Tune It Up, Don t Trade It In -- Comments -- Responses -- Rejoinder -- Contributors -- 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$vCongresses 615 0$aSocial security 615 0$aPrivatization 676 $a368.4/3/00973 700 $aAaron$b Henry J$0113318 701 $aShoven$b John B$088721 701 $aFriedman$b Benjamin M$089048 712 12$aAlvin Hansen Symposium on Public Policy$d(2nd :$f1998 :$eHarvard University) 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910817760403321 996 $aShould the United States privatize Social Security$94196419 997 $aUNINA