21/2 proposals to save social security

Citation
D. Fretz et Mr. Veall, 21/2 proposals to save social security, S ECON J, 67(3), 2001, pp. 764-775
Citations number
10
Categorie Soggetti
Economics
Journal title
SOUTHERN ECONOMIC JOURNAL
ISSN journal
00384038 → ACNP
Volume
67
Issue
3
Year of publication
2001
Pages
764 - 775
Database
ISI
SICI code
0038-4038(200101)67:3<764:2PTSSS>2.0.ZU;2-C
Abstract
This is a review article of three books that deal with the problems facing the U.S. Social Security system. One deals with the OASDI (Old-Age, Survivo rs and Disability Insurance) financial shortfall and proposes an alternativ e plan with both a tier one benefit and a tier two provision based on perso nal saving accounts. A second considers the social insurance system more co mprehensively, arguing for a grand reform that would include new programs, particularly in the areas of child care and housing. A third largely confin es itself to arguing against those who wish to change the OASDI plan becaus e of the financial projections, although it also argues for a more comprehe nsive health care insurance system. The review concludes that key differenc es expressed in the books, particularly between the first and third, rest o n different value judgments regarding intergenerational equity and the role of government.