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The Case For Privatizing Social Security
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Book Synopsis Privatizing Social Security by : Martin Feldstein
Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Book Synopsis Building Social Security by : Xenia Scheil-Adlung
Download or read book Building Social Security written by Xenia Scheil-Adlung and published by Routledge. This book was released on 2017-11-30 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, in both the specialist press and the tabloids, the idea of privatization of social security has become a shimmering catch phrase. Politicians base election campaigns on promises of more or less privatization in social security. Many governments introduce private business management methods into their social security systems. Representatives of social security institutions and academics prepare theory papers on the possible outcomes of privatization. And international financial organizations describe doomsday scenarios based on the premise of failure to privatize.What is the role of privatization today in the development of national social security systems? How does privatization concern the developments in different social security programs such as old age, sickness, unemployment, accident insurance and family allowances? What are the visions and effects of privatization in social security?This volume provides an overview of the various positions of supporters and opponents of privatization in the main branches of social security, followed by national experience of privatized or part-privatized social security systems. While the perspective of each of the contributors is markedly different, the overall objective cuts across differences: namely, to develop the most efficient and cost-effective system of social security protection.The authors' views and knowledge are derived from their firsthand experiences with social security in Africa, Asia, the Americas and Europe. Representatives of the leading international organizations dealing with social security issues-the International Labour Organization, the OECD, the World Bank and the World Health Organization-further expand the parameters of the viewpoints and experiences expressed.This multifaceted book allows the reader to learn about the challenge of privatization in the various forms of social security by assembling a set of highly up-to-date, technically complex and legal issues based on practical analysis and actual experience. It will be of interest to those concerned with national social policy in a comparative context. This is the sixth volume in an ongoing series that aims to review social security in a comparative, global context. Xenia Scheil-Adlung is program manager, International Social Security Association, Geneva, Switzerland.
Author :National Academy of Social Insurance (U.S.). Panel on Privatization of Social Security Publisher :MIT Press ISBN 13 :9780262041775 Total Pages :204 pages Book Rating :4.0/5 (417 download)
Book Synopsis Issues in Privatizing Social Security by : National Academy of Social Insurance (U.S.). Panel on Privatization of Social Security
Download or read book Issues in Privatizing Social Security written by National Academy of Social Insurance (U.S.). Panel on Privatization of Social Security and published by MIT Press. This book was released on 1999 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study addresses many important aspects of two politically charged proposals to remedy the Social Security crisis.
Book Synopsis The Case for Privatizing Social Security by : Joseph V. Kennedy
Download or read book The Case for Privatizing Social Security written by Joseph V. Kennedy and published by . This book was released on 1997 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Privatizing Social Security by : Alan L. Gustman
Download or read book Privatizing Social Security written by Alan L. Gustman and published by . This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates individual responses to a simple scheme to privatize social security. The analysis explores the sensitivity of outcomes to how individuals project life expectancy, how they value spouse and survivor benefits, and to expected future reductions in social security benefits. Depending on assumptions made, first year participation ranges from 20% to almost 100%. Estimated time paths for taxes decline immediately with privatization, but the decline in benefits grows slowly over a period of two or three decades. Labor force participation rates are not greatly affected by privatization, even if major changes in pensions are induced.
Download or read book Pension Puzzles written by Melissa Hardy and published by Russell Sage Foundation. This book was released on 2007-07-19 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rancorous debate over the future of Social Security reached a fever pitch in 2005 when President Bush unsuccessfully proposed a plan for private retirement accounts. Although efforts to reform Social Security seem to have reached an impasse, the long-term problem—the projected Social Security deficit—remains. In Pension Puzzles, sociologists Melissa Hardy and Lawrence Hazelrigg explain for a general audience the fiscal challenges facing Social Security and explore the larger political context of the Social Security debate. Pension Puzzles cuts through the sloganeering of politicians in both parties, presenting Social Security's technical problems evenhandedly and showing how the Social Security debate is one piece of a larger political struggle. Hardy and Hazelrigg strip away the ideological baggage to explicate the basic terms and concepts needed to understand the predicament of Social Security. They compare the cases for privatizing Social Security and for preserving the program in its current form with adjustments to taxes and benefits, and they examine the different economic projections assumed by proponents of each approach. In pursuit of its privatization agenda, Hardy and Hazelrigg argue, the Bush administration has misled the public on an issue that was already widely misunderstood. The authors show how privatization proponents have relied on dubious assumptions about future rates of return to stock market investments and about the average citizen's ability to make informed investment decisions. In addition, the administration has painted the real but manageable shortfalls in Social Security revenue as a fiscal crisis. Projections of Social Security revenues and benefits by the Social Security Administration have treated revenues as fixed, when in fact they are determined by choices made by Congress. Ultimately, as Hardy and Hazelrigg point out, the clash over Social Security is about more than technical fiscal issues: it is part of the larger culture wars and the ideological struggle over what kind of social responsibilities and rights American citizens should have. This rancorous partisan wrangling, the alarmist talk about a "crisis" in Social Security, and the outright deception employed in this debate have all undermined the trust between citizens and government that is needed to restore the solvency of Social Security for future generations of retirees. Drawing together economic analyses, public opinion data, and historical narratives, Pension Puzzles is a lucid and engaging guide to the major proposals for Social Security reform. It is also an insightful exploration of what that debate reveals about American political culture in the twenty-first century. A Volume in the American Sociological Association's Rose Series in Sociology
Book Synopsis Privatizing Pensions by : Mitchell A. Orenstein
Download or read book Privatizing Pensions written by Mitchell A. Orenstein and published by Princeton University Press. This book was released on 2008-08-11 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: To what extent do international organizations, global policy networks, and transnational policy entrepreneurs influence domestic policy makers? Have we entered a new phase of globalization that, unbeknownst to most citizens, shapes policies that used to be the sole domain of domestic politics? Privatizing Pensions reveals how international institutions--such as the World Bank, USAID, and other transnational policy actors--have played a seminal role in the development, diffusion, and implementation of new pension reforms that are transforming the postwar social contract in more than thirty countries worldwide, including the United States. Mitchell Orenstein shows how transnational actors have driven change in a policy area once thought to be beyond reform in many countries, and how they have done so by deploying their unique resources and legitimacy to promote new ideas, recruit disciples worldwide, and provide a broad range of technical assistance to government reformers over the long term. He demonstrates that while domestic decision makers may retain veto power over these reforms--which replace traditional social security with individual pension savings accounts--transnational policy makers play the role of "proposal actors," shaping the information, preferences, and resources of their domestic clients. Privatizing Pensions argues that even the most quintessentially domestic areas of policy have been thoroughly globalized, and that these international influences must be better understood.
Download or read book Social Security written by Daniel Béland and published by Lawrence, Kan. : University Press of Kansas. This book was released on 2005 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compact, timely, well-researched, and balanced, this institutional history of Social Security's seventy years shows how the past still influences ongoing reform debates, helping the reader both to understand and evaluate the current partisan arguments on both sides.
Book Synopsis Should the United States Privatize Social Security? by : Henry J. Aaron
Download or read book Should the United States Privatize Social Security? written by Henry J. Aaron and published by MIT Press. This book was released on 1999 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: On the privatization of social security in the U.S.
Book Synopsis Armies Without States by : Robert Mandel
Download or read book Armies Without States written by Robert Mandel and published by Lynne Rienner Publishers. This book was released on 2002 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book concludes with an assessment of the complexities surrounding responses to security privatization - and an exploration of when, and whether, it should be promoted rather than prevented."--BOOK JACKET.
Book Synopsis Building Social Security by : Xenia Scheil-Adlung
Download or read book Building Social Security written by Xenia Scheil-Adlung and published by Transaction Pub. This book was released on 2001 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, in both the specialist press and the tabloids, the idea of privatization of social security has become a shimmering catch phrase. Politicians base election campaigns on promises of more or less privatization in social security. Many governments introduce private business management methods into their social security systems. Representatives of social security institutions and academics prepare theory papers on the possible outcomes of privatization. And international financial organizations describe doomsday scenarios based on the premise of failure to privatize. What is the role of privatization today in the development of national social security systems? How does privatization concern the developments in different social security programs such as old age, sickness, unemployment, accident insurance and family allowances? What are the visions and effects of privatization in social security? This volume provides an overview of the various positions of supporters and opponents of privatization in the main branches of social security, followed by national experience of privatized or part-privatized social security systems. While the perspective of each of the contributors is markedly different, the overall objective cuts across differences: namely, to develop the most efficient and cost-effective system of social security protection. The authors' views and knowledge are derived from their firsthand experiences with social security in Africa, Asia, the Americas and Europe. Representatives of the leading international organizations dealing with social security issues-the International Labour Organization, the OECD, the World Bank and the World Health Organization-further expand the parameters of the viewpoints and experiences expressed. This multifaceted book allows the reader to learn about the challenge of privatization in the various forms of social security by assembling a set of highly up-to-date, technically complex and legal issues based on practical analysis and actual experience. It will be of interest to those concerned with national social policy in a comparative context. This is the sixth volume in an ongoing series that aims to review social security in a comparative, global context. Xenia Scheil-Adlung is program manager, International Social Security Association, Geneva, Switzerland.
Author :United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy Publisher : ISBN 13 : Total Pages :100 pages Book Rating :4.3/5 (121 download)
Book Synopsis Privatization of the Social Security, Old Age, and Survivors Insurance Program by : United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy
Download or read book Privatization of the Social Security, Old Age, and Survivors Insurance Program written by United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy and published by . This book was released on 1995 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :National Academy of Social Insurance (U.S.). Panel on Privatization of Social Security Publisher : ISBN 13 :9781884902086 Total Pages :108 pages Book Rating :4.9/5 (2 download)
Book Synopsis Evaluating Issues in Privatizing Social Security by : National Academy of Social Insurance (U.S.). Panel on Privatization of Social Security
Download or read book Evaluating Issues in Privatizing Social Security written by National Academy of Social Insurance (U.S.). Panel on Privatization of Social Security and published by . This book was released on 1998 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Social Security Reform by : Peter A. Diamond
Download or read book Social Security Reform written by Peter A. Diamond and published by OUP Oxford. This book was released on 2002 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Also considered are the risks in the political process."--BOOK JACKET.
Book Synopsis Social Security by : Theodore R. Marmor
Download or read book Social Security written by Theodore R. Marmor and published by Princeton University Press. This book was released on 2017-03-14 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the possibilities and prospects for Social Security over the decades ahead? The essays in this interdisciplinary study explore what social insurance has meant historically, socially, economically, politically, and legally in the years since the founding of the American social security system in 1935. Questions examined include: Does Social Security have a coherent and defendable ideology? If so, is that ideology adequate to the demands of a contemporary political environment that seems to emphasize the re-privatization of many roles adopted by the modern welfare state? What explains the peculiarly feverish quality of recent Social Security politics--which has been characterized by periodic high anxiety, claims of doom and crisis, and rigid resistance to any alteration, followed by eventual marginal adjustment and continuing uncertainty about the future? Although the authors do not offer answers for all these questions, they convey confidence about the basic structure of American social security and optimism about its future possibilities. Contributors to the work are Robert M. Ball, Robert M. Cover, Michael J. Graetz, Rudolf Klein, Theodore R. Marmor, Jerry L. Mashaw, Michael O'Higgins, Paul Starr, and James Tobin. Originally published in 1988. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Book Synopsis Opting Out of Social Security and Adverse Selection by : Laurence J. Kotlikoff
Download or read book Opting Out of Social Security and Adverse Selection written by Laurence J. Kotlikoff and published by . This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pension Fund Capitalism by : Leokadia Oręziak
Download or read book Pension Fund Capitalism written by Leokadia Oręziak and published by Routledge. This book was released on 2022-04-10 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions. The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system. Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market.
