In his article on President Bush’s second term economic agenda, Professor Mankiw is vague and misleading with regard to the costs and benefits of partial privatization of social security reform. There are other, simpler ways to fix the problem of Social Security which Mankiw fails to mention....

This paper examines the recent saving performance of the Chilean economy in the light of its long-run (1940-96) trends. The first conclusion that can be derived from the data is that most of the increase in private saving since the mid-1980s is due to business saving. Household saving turns out...