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Perspectives from the President's Commission on Social Security Reform *

John F. Cogan and Olivia S. Mitchell

in Lessons from Pension Reform in the Americas

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199226801
eISBN:
9780191710285
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226801.003.0009
Subject:
Business and Management, Pensions and Pension Management

In 2001, President George W. Bush appointed the President's Commission to Strengthen Social Security, composed of sixteen members from both major political parties. Members were tasked with providing ... More


Pensions in Brazil: Reaching the Limits of Parametric Reform in Latin America *

Milko Matijascic and Stephen J. Kay

in Lessons from Pension Reform in the Americas

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199226801
eISBN:
9780191710285
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226801.003.0012
Subject:
Business and Management, Pensions and Pension Management

This chapter describes Brazil's social security system and the highly contentious reform process. While much of the rest of the South American region moved toward individual accounts, Brazil engaged ... More


Reforms to Canadian Social Security, 1996–7

Robert L. Brown

in Lessons from Pension Reform in the Americas

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199226801
eISBN:
9780191710285
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226801.003.0010
Subject:
Business and Management, Pensions and Pension Management

This chapter discusses Social Security reform in Canada in 1996-7. It argues that the C/QPP reforms of 1997 gave merely tweaks to the system as opposed to massive change, with most of the amendments ... More


The Distributional Effects of an Investment-based Social Security System

Martin Feldstein and Jeffrey B. Liebman

in The Distributional Aspects of Social Security and Social Security Reform

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241067
eISBN:
9780226241890
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241890.003.0008
Subject:
Economics and Finance, Public and Welfare

This chapter explores the distributional effect of a change from the existing pay-as-you-go (PAYGO) U.S. Social Security system to one that combines both PAYGO and investment-based elements. The ... More


Redistribution in the Current U.S. Social Security System

Jeffrey B. Liebman

in The Distributional Aspects of Social Security and Social Security Reform

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241067
eISBN:
9780226241890
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241890.003.0002
Subject:
Economics and Finance, Public and Welfare

This chapter addresses the redistribution in the current Social Security system in the United States. Social Security increases tax revenue from workers each year and pays out benefits to retirees ... More


Long-Run Effects of Social Security Reform Proposals on Lifetime Progressivity

Julia Lynn Coronado, Don Fullerton, and Thoma Glass

in The Distributional Aspects of Social Security and Social Security Reform

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241067
eISBN:
9780226241890
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241890.003.0006
Subject:
Economics and Finance, Public and Welfare

This chapter employs the Panel Study of Income Dynamics to produce estimates of lifetime incomes for a large sample of individuals, and then calculates the present value of taxes and benefits for ... More


Could Social Security Go Broke?

Barbara R. Bergmann

in The Economists' Voice: Top Economists Take On Today's Problems

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231143653
eISBN:
9780231527866
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231143653.003.0016
Subject:
Economics and Finance, Public and Welfare

This chapter attacks the notion that Social Security could go broke, a claim often used to make the case for privatization. It argues that the Social Security system cannot go bankrupt. Businesses or ... More


The Virtues of Personal Accounts for Social Security

Edward P. Lazear

in The Economists' Voice: Top Economists Take On Today's Problems

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231143653
eISBN:
9780231527866
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231143653.003.0015
Subject:
Economics and Finance, Public and Welfare

This chapter argues that much of the debate on the establishment of private accounts for retirement benefits has missed the main issues. Some proponents argue that recipients will earn higher returns ... More


Aging Populations, Pension Operations, Potential Economic Disappointment, and Its Allocation

Sylvester J. Schieber

in Demography and the Economy

Published in print:
2011
Published Online:
February 2013
ISBN:
9780226754727
eISBN:
9780226754758
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226754758.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the demographic evolution of some advanced countries and predicts a visible slowdown in the growth of per capita gross domestic product (GDP). Pension policies can be considered ... More


The Many Definitions of Social Security Privatization

Don Fullerton and Michael Geruso

in The Economists' Voice: Top Economists Take On Today's Problems

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231143653
eISBN:
9780231527866
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231143653.003.0014
Subject:
Economics and Finance, Public and Welfare

Debate over Social Security privatization has exploded in the United States over the past decade. The debate, however, is often muddied by the fact that participants are using different definitions ... More


The Economics of Bequests in Pensions and Social Security

Martin Feldstein and Elena Ranguelova

in The Distributional Aspects of Social Security and Social Security Reform

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226241067
eISBN:
9780226241890
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226241890.003.0010
Subject:
Economics and Finance, Public and Welfare

This chapter explores the potential magnitudes of the bequests that might result in an investment-based plan under different rules about bequests. It is assumed that the personal retirement account ... More


Confusions About Social Security

Paul Krugman

in The Economists' Voice: Top Economists Take On Today's Problems

Published in print:
2011
Published Online:
November 2015
ISBN:
9780231143653
eISBN:
9780231527866
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231143653.003.0013
Subject:
Economics and Finance, Public and Welfare

In response to the Bush administration's plan to privatize Social Security, this chapter addresses the three main points of confusion in the Social Security debate. These are: (i) the meaning of the ... More


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