Issues in privatizing Social Security : report of an expert panel of the National Academy of Social Insurance / edited by Peter A. Diamond

Corporate Author: National Academy of Social Insurance (U.S.). Panel on Privatization of Social Security
Published: Cambridge, Mass : MIT Press, [1999]
Copyright Date: ©1999
Physical Description: 1 online resource (xvii, 168 pages)
Additional Creators: Diamond, Peter A.

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ezaccess.libraries.psu.edu

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Language Note

English.

Contents

Preface -- Executive Summary -- Introduction -- Question 1: advance funding vs. pay-as-you-go --Question 2: investment policy -- Question 3: individual accounts vs. single collective fund -- Question 4: issues of choice -- Question 5: private vs. government collection, management, and distrubution -- Conclusion -- Gloassary -- Notes -- References -- Appendixes A and B.

Summary

"Two types of changes to Social Security have been proposed. One would keep the current defined-benefit structure but build and maintain a larger trust fund, to be partially invested in stocks and corporate bonds. The other would set up individual funded accounts, also to be partially invested in private markets. Both would raise taxes or lower benefits in the near term to increase funds for paying future benefits."--Jacket
"This study addresses many important aspects of these politically charged proposals. The questions discussed include: Should Social Security have more advance funding? Should Social Security funds be invested in the stock market? If investments are organized by the government, what independent institutions would shield portfolio decisions and corporate governance from political pressures? If investments are privately organized, what would be the regulatory structure? Finally should Social Security include individual defined-contribution accounts or stay with traditional defined benefits?"--Jacket

Subject(s)

ISBN

9780262271646 (electronic bk.)
0262271648 (electronic bk.)
0585090718 (electronic bk.)
9780585090719 (electronic bk.)
9780262041775
0262041774

Note

"The findings and recommendations ... are those of the Panel on Privatization of Social Security"--Page

Bibliography Note

Includes bibliographical references ([151]-162).

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