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Prospects for Social Security Reform (Pension Research Council Publications) Hardcover – 1999

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Editorial Reviews

Review

"This latest installment in the Pension Research Council series brings together a wealth of information for those concerned with public policy options. . . .The book is substantive. . . . It provides data, estimates, models, and a framework to help readers think about the underlying problems in the system."—Industrial and Labor Relations Review

About the Author

Olivia S. Mitchell is Executive Director of the Pension Research Council and Professor of Insurance and Risk Management at The Wharton School, University of Pennsylvania. Robert J. Myers is a Special Consultant to the Social Security Division of William M. Mercer, Inc. and former Chief Actuary of the Social Security System. Howard Young is a former Special Consultant to the President of the United Auto Workers Union and former Adjunct Professor of Mathematics at the University of Michigan.
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Product Details

  • Series: Pension Research Council Publications
  • Hardcover: 424 pages
  • Publisher: University of Pennsylvania Press (1999)
  • Language: English
  • ISBN-10: 0812234790
  • ISBN-13: 978-0812234794
  • Product Dimensions: 6.1 x 0.9 x 9.2 inches
  • Shipping Weight: 2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #4,275,488 in Books (See Top 100 in Books)

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By JamesMcRitchie VINE VOICE on February 27, 2000
Format: Hardcover
While the book provides an excellent background and a good assessment of likely options, it glossed over some considered politically unfeasible but which might be popular among the voters - for example, removing the cap on Social Security wages. It is clear the financial markets are dying to get their hands on the money. At the same time, most in the investment community don't want to create another board like CalPERS, which is active in corporate governance. Spinning out a portion to something like a defined contribution plan seems almost inevitable but is likely to result in higher administrative costs.
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