Social Security Reform (The Lindahl Lectures)

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9780199247899: Social Security Reform (The Lindahl Lectures)
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Social security reform is a hot topic in many countries -- one which leads to much debate (and some widespread agreement) among economists. In this book, Peter Diamond explores social security policy, social security and the labour market, and social security and the capital market from an economic point of view.

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Peter Diamond is Professor of Economics at the Massachusetts Institute of Technology.

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Book Description OUP Oxford. Hardcover. Condition: New. 110 pages. Dimensions: 9.0in. x 5.5in. x 0.5in.Social security reform is a hot topic in many countries -- one which leads to much debate (and some widespread agreement) among economists. In this book, Peter Diamond 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 ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Seller Inventory # 9780199247899

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Book Description Oxford University Press, United Kingdom, 2002. Hardback. Condition: New. New. Language: English. Brand new Book. 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 of defined benefit and defined contribution systems, notional defined contribution accounts, alternative approaches to organizing individual defined contribution accounts, and the provision of survivor benefits. Diamond turns then to the academic literature on the interactions between social security and the labor and capital markets, providing anon-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 inrisk 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, contrasting defined 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 inannuitization, in the returns to capital, and in aggregate earnings. Also considered are the risks in the political process. Seller Inventory # APC9780199247899

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