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The two papers that make up the core of this book address what is perhaps the most fundamental question in the current debate over Social Security: whether to shift, in part or even entirely, from today's pay-as-you-go system to one that is not just funded but also privatized in the sense that individuals would retain control over the investment of their funds and, therefore, personally bear the associated risk. John Shoven argues yes, Henry Aaron no. Theoretical issues such as the likely effects on saving behavior and capital formation figure importantly in this discussion. But so do a broad array of practical considerations such as the expense of fund management and accounting, questions about how the public would regard the fairness of any new system, and the impact of recent developments in the federal budget and the U.S. stock market.The book also includes responses to both papers by four prominent economists--Robert J. Barro and David M. Cutler, of Harvard University; Alicia H. Munnell, of Boston College; and James Tobin, of Yale University--as well as Henry Aaron's and John Shoven's replies. The introductory remarks are by Benjamin M. Friedman.

Social security --- Privatization --- Congresses. --- POLITICAL SCIENCE --- Public Policy / Social Security --- 36 <73> --- 35.078 --- Maatschappelijk werk--Verenigde Staten van Amerika. VSA. USA --- Vormen van overheidsbemoeing. Opheffing van overheidstussenkomst. Privatisering --- 35.078 Vormen van overheidsbemoeing. Opheffing van overheidstussenkomst. Privatisering --- 36 <73> Maatschappelijk werk--Verenigde Staten van Amerika. VSA. USA --- Denationalization --- Privatisation --- Contracting out --- Corporatization --- Government ownership --- SOCIAL SCIENCES/Political Science/Public Policy & Law --- Social security - United States - Congresses. --- Privatization - United States - Congresses.

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Public welfare --- Poverty --- Government policy --- 36 <73> --- 330.564 <73> --- 339.12 --- P73 --- USA --- arbeidsmarkt --- armoede --- economische politiek --- sociale zekerheid --- welvaartseconomie --- -Public welfare --- -United States --- -Benevolent institutions --- Poor relief --- Public assistance --- Public charities --- Public relief --- Public welfare reform --- Relief (Aid) --- Social welfare --- Welfare (Public assistance) --- Welfare reform --- Human services --- Social service --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Maatschappelijk werk--Verenigde Staten van Amerika. VSA. USA --- Verdeling van nationaal inkomen. Inkomensverdeling--Verenigde Staten van Amerika. VSA. USA --- Verenigde Staten van Amerika - VS --- -Economic conditions --- -Government policy --- -Maatschappelijk werk--Verenigde Staten van Amerika. VSA. USA --- -36 <73> --- 330.564 <73> Verdeling van nationaal inkomen. Inkomensverdeling--Verenigde Staten van Amerika. VSA. USA --- 36 <73> Maatschappelijk werk--Verenigde Staten van Amerika. VSA. USA --- United States --- Economic conditions --- Public welfare - United States. --- Poverty - Government policy - United States.

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Environmental health --- Policy sciences --- Public health --- Traffic safety --- 351.77 --- 614 --- 36 <73> --- 36 <73> Maatschappelijk werk--Verenigde Staten van Amerika. VSA. USA --- Maatschappelijk werk--Verenigde Staten van Amerika. VSA. USA --- Automobile driving --- Highway safety --- Road safety --- Traffic accidents --- Public safety --- Traffic engineering --- Transportation, Automotive --- Automobiles --- Environmental quality --- Health --- Health ecology --- Environmental engineering --- Health risk assessment --- Community health --- Health services --- Hygiene, Public --- Hygiene, Social --- Public health services --- Public hygiene --- Social hygiene --- Human services --- Biosecurity --- Health literacy --- Medicine, Preventive --- National health services --- Sanitation --- Government policy&delete& --- Decision making&delete& --- Case studies --- Safety measures --- Prevention --- Collision avoidance systems --- Health aspects --- Environmental aspects --- Service industry --- Hygiene. Public health. Protection --- Environmental protection. Environmental technology --- Transport. Traffic --- United States --- Government policy --- Decision making --- United States of America