Issues in privatizing Social Security
Subtitle: report of an expert panel of the National Academy of Social Insurance
By: edited by Peter A. Diamond.
Contributors: Diamond, Peter A.; NetLibrary, Inc.
Publisher: MIT Press
Published: 1999
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 168
Subjects: Social security -- United States; Privatization -- United States
Description: "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."--BOOK JACKET.

"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?"--BOOK JACKET.
Notes: "The findings and recommendations ... are those of the Panel on Privatization of Social Security."

Includes bibliographical references ([151]-162).

Online version via NetLibrary available by license agreement to WWU Library users.