Reforming Social Security

Author : Olivia S. Mitchell
Publisher : University of Pennsylvania Press
ISBN 13 : 9780812234794
Total Pages : 446 pages
Book Rating : 4.90/5 ( download)

DOWNLOAD NOW!

Download or read book Prospects for Social Security Reform written by Olivia S. Mitchell and published by University of Pennsylvania Press. This book was released on 1999-01-29 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States social security system is the nation's largest social insurance program. As such, it has a far-reaching impact throughout the economy, influencing not only old-age economic security but also many behaviors, including corporate employment policy, retirement patterns, and personal saving. In the past, the system's universal coverage and generous benefits ensured popular support to a degree enjoyed by no other form of "big government" social spending. Yet over two-thirds of all Americans today believe that the social security system will face bankruptcy by the time they retire. The question of social security reform—how to reform the system or whether the system needs reform at all—is the subject of heated debate at all levels of government, in the media, and among workers, pensioners, and employers. Prospects for Social Security Reform informs the debate by exploring why the system is at a crossroads today and what to do about it. Contributors detail the size and nature of the problem, explain views of key "stakeholders" regarding reform options, and report new evidence on how reform might affect the economy. Research findings and public opinion polls are analyzed, as are lessons from other countries experimenting with new ways to deliver old-age benefit promises. No other volume includes as diverse and expert a set of perspectives on reform and privatization as those gathered here from economists, actuaries, employers, investment managers, and representatives of organized labor. Among its chapters is the path-breaking study "Social Security Money's Worth," the 1999 winner of the TIAA-CREF's Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security.

Author : United States. National Commission on Social Security Reform
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.83/5 ( download)

DOWNLOAD NOW!

Download or read book Report of the National Commission on Social Security Reform written by United States. National Commission on Social Security Reform and published by . This book was released on 1983 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Daniel Shaviro
Publisher : University of Chicago Press
ISBN 13 : 0226751171
Total Pages : 190 pages
Book Rating : 4.77/5 ( download)

DOWNLOAD NOW!

Download or read book Making Sense of Social Security Reform written by Daniel Shaviro and published by University of Chicago Press. This book was released on 2000 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Social Security Act of 1935 must be counted among the most monumental pieces of legislation ever passed by Congress. Today, sixty-five years after its enactment, public support for Social Security remains extremely strong. At the same time, there have been reports that Social Security is in grave danger of financial collapse, and numerous groups across the political spectrum have agitated for its reform. The president has put forward proposals to rescue Social Security, conservatives argue for its privatization, and liberals advocate increases in its funding from surplus tax revenues. But what is the average person to make of all this? How many Americans know where the money for Social Security benefits really comes from, or who wins and loses from the system's overall operations? Few people understand the current Social Security system in even its broadest outlines. And yet Social Security reform is ranked among the most important social issues of our time. With Making Sense of Social Security Reform, Daniel Shaviro makes an important contribution to the public understanding of the issues involved in reforming Social Security. His book clearly and straightforwardly describes the current system and the pressures that have been brought to bear upon it, before dissecting and evaluating the various reform proposals. Accessible to anyone who has an interest in the issue, Shaviro's new work is unique in offering a balanced, nonpartisan account.

Author : United States. Government Accountability Office
Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.62/5 ( download)

DOWNLOAD NOW!

Download or read book Social Security Reform written by United States. Government Accountability Office and published by . This book was released on 2005 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Charles P. Blahous
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313000344
Total Pages : 280 pages
Book Rating : 4.48/5 ( download)

DOWNLOAD NOW!

Download or read book Reforming Social Security written by Charles P. Blahous and published by Bloomsbury Publishing USA. This book was released on 2000-08-30 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blahous contends that Social Security is ill-equipped to withstand the effects of an aging population and will impose excessive tax burdens upon future Americans unless its course is changed. Far from a doomsday tract, however, the book provides instances of proposals that would satisfactorily avert this course, if only the political will is mustered to implement them. Blahous argues for the program developed by the National Commission on Retirement Policy, but also offers positive descriptions of plausible alternatives as well as unsparing criticism of those who would cook the books in defense of either current law or high-cost alternatives. Reforming Social Security is sure to disturb ideologues from all parts of the political spectrum, because of its frank willingness to expose the costs of different approaches as well as the self-interest so often pursued by interest groups, political actors, and Social Security experts. An important analysis for the general public as well as policy makers and others concerned with social security issues.

Author : Peter A. Diamond
Publisher : OUP Oxford
ISBN 13 : 9780199247899
Total Pages : 120 pages
Book Rating : 4.97/5 ( download)

DOWNLOAD NOW!

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.

Author : Edward M. Gramlich
Publisher : University of Michigan Press
ISBN 13 : 047206679X
Total Pages : 116 pages
Book Rating : 4.97/5 ( download)

DOWNLOAD NOW!

Download or read book Is It Time to Reform Social Security? written by Edward M. Gramlich and published by University of Michigan Press. This book was released on 1998 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: DIVThe chair of the recent Social Security Advisory Council explains and shares his views on Social Security reform /div

Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241890
Total Pages : 479 pages
Book Rating : 4.90/5 ( download)

DOWNLOAD NOW!

Download or read book The Distributional Aspects of Social Security and Social Security Reform written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-11-01 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging from reductions in future benefits to a rise in taxrevenue to various forms of investment-based personal retirement accounts. As this volume suggests, the distributional consequences of these proposals are substantially different and may disproportionately affect those groups who depend on social security to avoid poverty in old age. Together, these studies persuasively show that appropriately designed investment-based social security reforms can effectively reduce the long-term burden of an aging society on future taxpayers, increase the expected future income of retirees, and mitigate poverty rates among the elderly.

Author : John Y. Campbell
Publisher : University of Chicago Press
ISBN 13 : 0226092569
Total Pages : 509 pages
Book Rating : 4.60/5 ( download)

DOWNLOAD NOW!

Download or read book Risk Aspects of Investment-Based Social Security Reform written by John Y. Campbell and published by University of Chicago Press. This book was released on 2009-02-15 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options. One involves "prefunding," in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce—such as the volatility in the market prices of investment assets—are the focus of this offering from the NBER. Exploring the issues involved in measuring risk and developing models to reflect the risks of various investment-based systems, economists evaluate the magnitude of the risks that both retirees and taxpayers would assume. The insights that emerge show that the risk is actually moderate relative to the improved return, as well as being balanced by the ability of an investment-based system to adapt to differences in individual preferences and conditions.

Author : Estelle James
Publisher : University of Chicago Press
ISBN 13 : 0226392023
Total Pages : 294 pages
Book Rating : 4.28/5 ( download)

DOWNLOAD NOW!

Download or read book The Gender Impact of Social Security Reform written by Estelle James and published by University of Chicago Press. This book was released on 2008-09-15 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: As populations age and revenues diminish, government and private pension funds around the world are facing insolvency. The looming social security crisis is especially dire for women, who live longer than men but have worked less in the formal labor force. This groundbreaking study examines alternative social security systems and their disparate impacts on men and women. Emphasis is placed on the new multi-pillar systems that combine a publicly managed benefit and a mandatory private retirement saving plan. The Gender Impact of Social Security Reform compares the gendered outcomes of social security systems in Chile, Argentina, and Mexico, and presents empirical findings from Eastern and Central European transition economies as well as several OECD countries. Women’s positions have improved relative to men in countries where joint pensions have been required, widows who have worked can keep the joint pension in addition to their own benefit, the public benefit has been targeted toward low earners, and women’s retirement age has been raised to equality with that of men. The Gender Impact of Social Security Reform will force economists and policy makers to reexamine the design features that enable social security systems to achieve desirable gender outcomes.