Saving Social Security A Balanced Approach

Name: Saving Social Security A Balanced Approach
Price: 3.82 USD
Availability: InStock
ISBN: 9780815718376

ISBN-10: 0815718373

ISBN-13: 9780815718376

Edition: 2nd 2005 (Revised)

Authors: Peter A. Diamond, Peter R. Orszag

List price: $27.00

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New in Paperback. While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. Since the publication of the first edition of this book in 2004, the Social Security debate has moved to the center of the domestic policy agenda. In this updated edition of Saving Social Security, the authors analyze the Bush Administration's proposal for individual accounts and discuss the…

Book details

List price: $27.00
Edition: 2nd
Copyright year: 2005
Publisher: Brookings Institution Press
Publication date: 7/26/2005
Binding: Paperback
Pages: 304
Size: 5.98" wide x 9.02" long x 0.90" tall
Weight: 0.990

Peter Diamond is John and Jennie S. McDonald Professor of Economics at MIT. He received the 2010 Nobel Prize in Economics.

Peter R. Orszag is a Senior Fellow in Economic Studies at the Brookings Institution.



Saving social security : an update



Introduction



A brief overview of social security



Goals for social security reform



Social security's long-term deficit



A three-part plan to shore up social security



Strengthening social security's effectiveness as social insurance



Implications for benefits and revenue



Individual accounts



Questions and answers about our balanced reform plan



Conclusions



Social security and national saving



Trends in retirement age



How the legacy debt arose : a simplified example



Characteristics of tax-favored defined-contribution plans



Should the trust fund invest in the stock market?



Comparisons with models 2 and 3 of the President's Commission



Memorandum from the Office of the Chief Actuary



Long-term analysis of the Diamond-Orszag social security plan