Funding Social Security A Strategic Alternative |
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| Author:
| Seidman, Laurence S. |
| ISBN: | 978-0-521-65245-2 |
| Publication Date: | Apr 1999 |
| Publisher: | Cambridge University Press
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| Book Format: | Hardback |
| List Price: | USD $57.99 |
Book Description:
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Funding Social Security offers serious consideration of the debate on social security reform that is taking place in many countries around the world. The work advocates the concept of "funded social security" as a middle position between pay-as-you-go (PAYGO) social security and privatized social security, and constitutes a politically strategic alternative. Professor Seidman's analysis covers two distinct components, fund accumulation and portfolio diversification. The concept of...
More DescriptionFunding Social Security offers serious consideration of the debate on social security reform that is taking place in many countries around the world. The work advocates the concept of "funded social security" as a middle position between pay-as-you-go (PAYGO) social security and privatized social security, and constitutes a politically strategic alternative. Professor Seidman's analysis covers two distinct components, fund accumulation and portfolio diversification. The concept of funded social security uses a mix of payroll taxes and portfolio investment income to finance benefits.