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Privatizing Social Security

Privatizing Social Security
Martin Feldstein, editor

Table of Contents:

Introduction
Martin Feldstein

I - Country Studies

1. The Chilean Pension Reform: A Pioneering Program
Sebastian Edwards


Comment: Stephen P. Zeldes

Discussion Summary

2. Australia's Retirement Income System
Malcolm Edey and John Simon


Comment: John Piggott

Discussion Summary

3. The Roles of the Public and Private Sectors in the U.K. Pension System
Alan Budd and Nigel Campbell


Comment: Richard Disney

Discussion Summary

4. Pension System Reform: The Mexican Case
Carlos Sales-Sarrapy, Fernando Solís-Soberón and Alejandro Villagómez-Amezcua


Comment: Aaron Tornell

Discussion Summary

5. The Shift to a Funded Social Security System: The Case of Argentina
Joaquín Cottani and Gustavo Demarco


Comment: Anita M. Schwarz

Discussion Summary

II - Privatization Issues for the United States

6. The Transition Path in Privatizing Social Security
Martin Feldstein and Andrew Samwick


Comment: John B. Shoven

Discussion Summary

7. Simulating the Privatization of Social Security in General Equilibrium
Laurence J. Kotlikoff


Comment: Thomas J. Sargent

Discussion Summary

8. Privatizing Social Security: First-Round Effects of a Generic, Voluntary, Privatized U.S. Social Security System
Alan L. Gustman and Thomas L. Steinmeier


Comment: David M. Cutler

Discussion Summary

9. Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement
James M. Poterba and David A. Wise


Comment: Jack L. VanDerhei

Discussion Summary

10. Administrative Costs in Public and Private Retirement Systems
Olivia S. Mitchell

Comment: Sylvester J. Schieber

Discussion Summary