Framing the Social Security Debate

Values, Politics, and Economics

R. Douglas Arnold, Michael J. Graetz, Alicia H. Munnell

• Publisher: Brookings Institution Press
• Year: 2010
• eBook ISBN: 9780815791263
• Edition: 1
• Topic: Politics & International Relations
• Subtopic: Social Policy
• Index: Politics & International Relations

In his 1998 State of the Union address, President Clinton challenged Americans to a public debate about how to fix the long-term financial problems of Social Security. This annual volume of the National Academy of Social Insurance provides a framework for that debate. Competing reform proposals reflect contrasting views about the nature of the Social Security problem and how to solve it. This book examines issues about privatization, national savings and economic growth, the political risks and realities in reforms, lessons from private pensions developments in the United States, and the efforts of other advanced industrial countries to adapt their old-age pensions to an aging population. It also poses philosophical arguments about collective versus individual responsibility and the implications of market risks and political risks for stable and secure retirement income policy. The contributors are Theo Angelis, Michael J. Boskin, Peter A. Diamond, John Geanakoplos, Hugh Heclo, Karen C. Holden, Howell Jackson, Olivia Mitchell, Dallas L. Salisbury, Lawrence H. Thompson, Kent Weaver, and Stephen P. Zeldes. Copublished with the National Academy of Social Insurance

Table of contents

• 1. Introduction
• 2. Values, Politics, and Economics in Social Security Reform
• 3. Pensions and Savings—In What Form?
• 4. Social Security: In What Form?
• 5. Insights from Social Security Reform Abroad
• 6. Public Investment in Private Markets
• 7. Public Opinion and the Politics of Reforming Social Security
• Contributors
• Conference Program