Issues in Privatizing Social Security: Report of an Expert Panel of the National Academy of Social Insurance, vol 1

Edited by Peter Diamond

in MIT Press Books from The MIT Press

Abstract: 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. 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?

Keywords: social security; corporate governance; benefits (search for similar items in EconPapers)
JEL-codes: H55 (search for similar items in EconPapers)
Date: 1999
Edition: 1
ISBN: 0-262-04177-4
References: Add references at CitEc
Citations: View citations in EconPapers (16)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mtp:titles:0262041774

Access Statistics for this book

More books in MIT Press Books from The MIT Press
Bibliographic data for series maintained by The MIT Press ().