Social Security Policy in a Changing Environment
1st Edition
Published on 15. December 2009
473 pages
978-0-226-07650-8 (ISBN)
Description
Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends-including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.
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Jeffrey R. Brown | Jeffrey B. Liebman | David A. Wise
Social Security Policy in a Changing Environment
Book
06/2009
University of Chicago Press
€198.08
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Content
- Intro
- Contents
- Acknowledgments
- Introduction
- I. Innovative Approaches to Social Security Reform
- 1. Removing the Disincentives in Social Security for Long Careers
- 2. Notional Defined Contribution Pension Systems in a Stochastic Context
- 3. Reforming Social Security with Progressive Personal Accounts
- II. Retirement Plan Choice
- 4. Who Chooses Defined Contribution Plans?
- 5. The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States
- III. Reducing Financial Market Risk in Personal Retirement Accounts
- 6. Reducing the Risk of Investment-Based Social Security Reform
- 7. Pricing Personal Account Benefit Guarantees: A Simplified Approach
- 8. Reducing Social Security PRA Risk at the Individual Level: Life-Cycle Funds and No-Loss Strategies
- 9. Changing Progressivity as a Means of Risk Protection in Investment-Based Social Security
- IV. Demographics, Asset Flows, and Macroeconomic Markets
- 10. The Decline of Defined Benefit Retirement Plans and Asset Flows
- 11. Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations
- V. Mortality Projections
- 12. Is the U.S. Population Behaving Healthier?
- Contributors
- Author Index
- Subject Index
