Radical Social Security Reform Is Not Needed: a Letter Commenting on "The Economic Agenda" by N. Gregory Mankiw

Manuel R. Agosin ()

The Economists' Voice, 2005, vol. 2, issue 1, pages 1-4

Abstract: In his article on President Bush’s second term economic agenda, Professor Mankiw is vague and misleading with regard to the costs and benefits of partial privatization of social security reform. There are other, simpler ways to fix the problem of Social Security which Mankiw fails to mention. In addition, the Chilean experience suggests that privitization may be more costly than anticipated and benefits more difficult to cut, at least for those who lose their money in private investments.

Date: 2005
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