Document Type
Article
Abstract
The U.S. Social Security program is in need of reform. One of the most popular solutions to the long-run financing problem is privatization. This paper examines key economic and social concerns about a shift from a public pay-as-you-go system to a privately-funded system. While a privatized system does reduce overall uncertainty and allows for greater returns, its increased risk and high transition costs make it an unreliable strategy.
Publication Date
Spring 2021
Journal Title
Major Themes in Economics
Volume
23
Issue
1
First Page
19
Last Page
33
Copyright
©2021 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Madsen, Sarah
(2021)
"Privatizing Social Security: Economic and Social Concerns,"
Major Themes in Economics, 23, 19-33.
Available at:
https://scholarworks.uni.edu/mtie/vol23/iss1/3