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This paper analyzes the transition from the existing pay-as-you-go Social Security program to a system of funded Mandatory" Individual Retirement Accounts (MIRAs). Because of the high return on real capital relative to the very low return in a mature pay-as-you-go program, the benefits that can...
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This paper compares the differences of individual coverage in the fully-funded social security systems of three Latin American countries. Chile, Columbia, and Mexico each have defined contributions social security systems, yet there are significant differences in system design and incentive that...
Persistent link: https://www.econbiz.de/10014193738
The 2000 presidential election focused attention on an idea that has been surfacing for some time--the privatization of … Social Security. Although opposition remains fierce, proposals for privatization have been gradually gaining acceptance as … additional onerous funding. Resistance to privatization largely centers on concerns that existing participants will lose their …
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We analyze the way in which social security privatization reform affects labor market outcomes. We develop a model of …
Persistent link: https://www.econbiz.de/10013227027
privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population …, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social …
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