Should the United States Privatize Social Security?, vol 1
Henry Aaron and
John B. Shoven ()
Additional contact information
John B. Shoven: Stanford University
in MIT Press Books from The MIT Press
The 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.
Keywords: social security; privatization; fund management (search for similar items in EconPapers)
JEL-codes: H55 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (18) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mtp:titles:0262011743
Access Statistics for this book
More books in MIT Press Books from The MIT Press
Bibliographic data for series maintained by Kristin Waites ().