"Privatizing Social Security: Economic and Social Concerns" by Sarah Madsen

Article Title

Privatizing Social Security: Economic and Social Concerns

Authors

Sarah Madsen, University of Northern IowaFollow

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

Issue

First Page

Last Page

Copyright

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Language

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