Structural reform of Social Security:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11098 |
| Subjects: | |
| Links: | http://papers.nber.org/papers/w11098.pdf |
| Abstract: | "Governments around the world have enacted or are currently considering fundamental structural reforms of their social security pension programs. The key feature in these reforms is a shift from a pure pay-as-you-go tax-financed system, in which taxes on current workers are primarily distributed to current retirees, to a mixed system that combines pay-as-you-go benefits with investment-based personal retirement accounts. This paper discusses how such a mixed system could work in practice and how the transition to such a change could be achieved. It then analyzes the economic gains that would result from shifting to a mixed system. I turn next to the three problems that critics raise about any investment-based plan: administrative costs, risk, and income distribution. Finally, I comment on some of the ad hoc proposals for dealing with the financial problem of social security without shifting to an investment-based system"--National Bureau of Economic Research web site. |
| Physical Description: | 40 S. |
Staff View
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| 520 | 3 | |a "Governments around the world have enacted or are currently considering fundamental structural reforms of their social security pension programs. The key feature in these reforms is a shift from a pure pay-as-you-go tax-financed system, in which taxes on current workers are primarily distributed to current retirees, to a mixed system that combines pay-as-you-go benefits with investment-based personal retirement accounts. This paper discusses how such a mixed system could work in practice and how the transition to such a change could be achieved. It then analyzes the economic gains that would result from shifting to a mixed system. I turn next to the three problems that critics raise about any investment-based plan: administrative costs, risk, and income distribution. Finally, I comment on some of the ad hoc proposals for dealing with the financial problem of social security without shifting to an investment-based system"--National Bureau of Economic Research web site. | |
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| geographic_facet | USA |
| id | DE-604.BV023591313 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-28T11:00:57Z |
| institution | BVB |
| language | English |
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| physical | 40 S. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Feldstein, Martin S. 1939-2019 Verfasser (DE-588)124078834 aut Structural reform of Social Security Martin Feldstein Cambridge, Mass. National Bureau of Economic Research 2005 40 S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11098 "Governments around the world have enacted or are currently considering fundamental structural reforms of their social security pension programs. The key feature in these reforms is a shift from a pure pay-as-you-go tax-financed system, in which taxes on current workers are primarily distributed to current retirees, to a mixed system that combines pay-as-you-go benefits with investment-based personal retirement accounts. This paper discusses how such a mixed system could work in practice and how the transition to such a change could be achieved. It then analyzes the economic gains that would result from shifting to a mixed system. I turn next to the three problems that critics raise about any investment-based plan: administrative costs, risk, and income distribution. Finally, I comment on some of the ad hoc proposals for dealing with the financial problem of social security without shifting to an investment-based system"--National Bureau of Economic Research web site. Soziale Sicherheit Social security Finance Social security United States Finance USA Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11098 (DE-604)BV002801238 11098 http://papers.nber.org/papers/w11098.pdf kostenfrei Volltext |
| spellingShingle | Feldstein, Martin S. 1939-2019 Structural reform of Social Security National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Soziale Sicherheit Social security Finance Social security United States Finance |
| title | Structural reform of Social Security |
| title_auth | Structural reform of Social Security |
| title_exact_search | Structural reform of Social Security |
| title_full | Structural reform of Social Security Martin Feldstein |
| title_fullStr | Structural reform of Social Security Martin Feldstein |
| title_full_unstemmed | Structural reform of Social Security Martin Feldstein |
| title_short | Structural reform of Social Security |
| title_sort | structural reform of social security |
| topic | Soziale Sicherheit Social security Finance Social security United States Finance |
| topic_facet | Soziale Sicherheit Social security Finance Social security United States Finance USA |
| url | http://papers.nber.org/papers/w11098.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT feldsteinmartins structuralreformofsocialsecurity |