Social Security Reform (Hardcover)

Sprache: Englisch

Verlag: Oxford University Press, Oxford, 2002

0199247897 / 9780199247899

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Hardcover. Social security systems are being reviewed and changed in many countries around the world. This nontechnical book considers some of the key policy issues for design of a social security reform, as well as reviewing much of the academic literature on the positive and normative aspects of social security.In the first chapter, Diamond's examination of key policy issues of general concern includes the funding of social security, the comparison ofdefined benefit and defined contribution systems, notional defined contribution accounts, alternative approaches to organizing individual defined contribution accounts, and the provision of survivorbenefits. Diamond turns then to the academic literature on the interactions between social security and the labor and capital markets, providing a non-technical overview of the existing literature and pointing-out gaps in current research findings. Chapter Two reviews the impact on retirement decisions of forced savings, the use of an earnings or retirement test, mandated annuitization, recognizing heterogeneity in both life expectancy and possibly in risk classification for annuity pricing,and treatment of the family, particularly the use of joint-life annuitization. Also reviewed is the impact on labor supply at younger ages, considering mandatory savings and annuitization, contrastingdefined benefit and defined contribution systems, and analysing alternative approaches to redistribution within social security. The final chapter covers issues of aggregate capital accumulation and risk-sharing, with the latter including the risks in annuitization, in the returns to capital, and in aggregate earnings. Also considered are the risks in the political process. Social security reform is a hot topic in many countries -- one which leads to much debate (and some widespread agreement) among economists. Diamond, one of America's most respected economists, explores social security policy, social security and the labour market, and social security and the capital market from an economic point of view. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Bestandsnummer des Verkäufers 9780199247899

Titel
Social Security Reform (Hardcover)
Autor
Peter A. Diamond
Verlag
Oxford University Press, Oxford
Veröffentlichungsjahr
2002
Zustand
new
Einband
Hardcover
Sprache
Englisch
ISBN-10
0199247897
ISBN-13
9780199247899

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