50-percent privatization using an overlapping-generations model where heterogeneous agents with elastic labor supply face … idiosyncratic earnings shocks and longevity uncertainty. When wage shocks are insurable, privatization produces about $30,100 of …, privatization reduces efficiency by about $8,100 per future household. We check the robustness of these results to different model …

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 …

compares achieving progressivity as part of privatization reform by a) providing a pay-as-you-go-financed minimum benefit to …. Maintaining this liability limits the effect of privatization on saving and capital accumulation. Second, the tax financing the …

Much could be gained from the privatization of social security, but can the gains be delivered? This work takes a look … at social security privatization; at the present situation and at what the future holds. The authors examine the …

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 …