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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

Language

en

File Format

application/pdf

Included in

Economics Commons

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