Social Security Privatization: What Are the Issues?

Does Social Security Privatization Produce Efficiency Gains?

The economic literature shows that privatizing Social Security can improve labor supply incentives, but it can also reduce risk sharing when households face uninsurable risks. We simulate a stylized 50-percent privatization with transaction costs financed by consumption taxes and examined its impact on macroeconomic variables as well as on the welfare across generations and income classes. Our ...

Social Security privatization in Latin America.

The new, partially privatized social security system adopted by Chile in 1981 has attracted attention in many parts of the world. Since then, a number of Latin American countries have implemented the Chilean model, with some variations: either with a single- or multi-tier system, or with a period of transition to take care of those in the labor force at the time of the change. The single-tier v...

Deficit commission targets social security: privatization revisited?

Social Security Privatization: Balancing Efficiency and Fairness

Growing public awareness of future pressures on Social Security is eroding many Americans’ confidence in this key retirement program. These pressures are nearly certain in the next century, stemming from the retirement of the large baby-boom generation, longer average life spans, and lower projected fertility rates. To meet such pressures, various reforms of Social Security have been proposed, ...

Homebirth: what are the issues?

There is no shortage of evidence to support the fact that home birth is safe, satisfying and empowering for women and their families. It is also a much-neglected option for childbearing women in Western society today, often because women and their partners are unaware of the issues or choices that are available to them. This article seeks to discuss modern-day attitudes to birth and present the...