- Series: National Bureau of Economic Research Project Report
- Hardcover: 488 pages
- Publisher: University Of Chicago Press; 1 edition (September 1, 1998)
- Language: English
- ISBN-10: 0226241017
- ISBN-13: 978-0226241012
- Product Dimensions: 6 x 1.2 x 9 inches
- Shipping Weight: 2.1 pounds (View shipping rates and policies)
- Average Customer Review: 1 customer review
- Amazon Best Sellers Rank: #4,444,323 in Books (See Top 100 in Books)
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Privatizing Social Security (National Bureau of Economic Research Project Report) 1st Edition
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From Library Journal
Widespread recent interest in the financial viability of the Social Security system in the 21st century makes this book, edited by Harvard economist Feldstein, timely and important. A massive and dense study, it presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts allowing free choice of investments in stocks, bonds, and mortgages. Feldstein argues that not only would such a plan make Social Security financially sound but that it would also stimulate private savings and make labor markets more efficient. An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans. Recommended for academic and larger public libraries.?Harry Frumerman, formerly with Hunter Coll., New York
Copyright 1998 Reed Business Information, Inc.
About the Author
John Y. Campbell is the Otto Eckstein Professor of Applied Economics at Harvard University and a research associate of the National Bureau of Economic Research.
Martin Feldstein is the George F. Baker Professor of Economics at Harvard University and president and CEO of the National Bureau of Economic Research. He is the editor of many books, including "Privatizing Social Security" and "International Capital Flows," also published by the University of Chicago Press.
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Top customer reviews
The book falls into two parts -- descriptive papers on past efforts abroad and more prescriptive papers on the United States. It's this second half which is most laughably outdated. (Or perhaps not laughable, since many economists, like Feldstein, haven't budged whatsoever despite 15 years of evidence.
One additional note: The book is wildly overpriced given how outdated it is.