Social security reform is a hot topic in many countries -- one which leads to much debate (and some widespread agreement) among economists. In this book, Peter Diamond explores social security policy, social security and the labour market, and social security and the capital market from an economic point of view.
Introduction 1. Social Security Policy Funding DB and DC Notional Defined Contribution Accounts Organizing DC Accounts Benefits Concluding Remarks 2. Social Security and the Labor Market Retirement Decisions Labor Supplies at Younger Ages Concluding Remarks 3. Social Security and the Capital Market Aggregate Capital Stock Risk-Sharing Risk to Cohort-Wide Earnings Risks in the Political Process Concluding Remarks
Peter Diamond is Professor of Economics at the Massachusetts Institute of Technology.
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