Privatization of Social Security -- A Selected Bibliography (June 2010)

Transcription

1 Privatization of Social Security -- A Selected Bibliography (June 2010) LexisNexis Statistical Insight Is There a Positive Incentive Effect from Privatizing Social Security? Evidence from Latin America, Policy Research Working Papers. International Bank for Reconstruction and Development, Nov. 2001, 27 pp. Record Number: 2002 IIS 4530-S Examines impact of private retirement accounts establishment on share of workforce contributing to retirement systems in Latin America, with supporting data and regression results, mostly total period Social Security in Latin America: Recent Reforms and Challenges, Economic Review, Federal Reserve bank of Atlanta, Federal Reserve Bank of Atlanta, 1st qtr/2001, pp Record Number: 2001 ASI Article analyzing privatized social security programs in selected Latin America countries, Data are from SSA and foreign sources. Includes 4 tables showing characteristics of social security systems and pension fund management companies, by selected Latin America country, Social Security Privatization in Latin America, Social Security Bulletin, Office of Research, Evaluation, and Statistics, SSA, 2000/63 No. 2, pp Record Number: 2000 ASI Article on movement to privatize social security programs in selected Latin America countries, various periods Data are from a wide variety of U.S. and foreign public and private sources. Includes text statistics and 5 tables showing percent of population aged 60 and over and 75 and over, life expectancy at birth by sex, and characteristics of privatized systems and pension fund management companies, by country; and Chile social security deficit, by component; various periods with some projections to Privatizing Social Security: The Chilean Case, Federal Reserve Bank of New York, Nov. 1991, 33 pp. Record Number: 1992 ASI Paper on Chile economic impacts of 1981 replacement of public social security with a mandatory private pension plan system, Pensions are paid into and administered by private institutions called AFPs. Data are primarily from Chile central bank and IMF. Includes 3 charts and 7 tables showing rate of return on assets, by AFP; private and public gross national saving, foreign saving, investment, and disposable income; monetary aggregates as percents of GDP; percent distribution of AFP assets, by type; growth rate of private financial holdings, by type; stock market performance indicators; and CPI change; selected years

2 Committee Prints and CRS Reports (LexisNexis Congressional Research Digital Collection ) GAO: President's 2005 Social Security Tour Cost Taxpayers Millions, Fact Sheet, 2007, 1 p. Democratic majority staff report criticizing Bush Administration costs associated with and other actions related to initiative to promote Administration social security privatization plan. Structure of Social Security Individual Account Contributions and Investments: Choices and Implications, May 1, 2006, 46 pp. Describes policymakers' administrative and structural choices regarding the collection and investment of assets in a system of social security individual accounts. Considers issues related to eligibility, participation and enrollment, contribution amounts and collection, education, administrative and record-keeping, investments of account assets, and fees. Social Security Reform, May 1, 2006, 19 pp. Covers debate over social security reform, and reviews specific areas of contention, including the social security system's financial outlook, public skepticism about the system, privatization, retirement age, cost-of-living adjustments, and budget treatment. Provides brief history of previous reform initiatives, and summarizes legislation in the 109th Congress. This report is one in a series of updates. Economic Policy Brief: The Effects of the President's Social Security Proposal on Women, Mar. 2006, Mar Democratic staff report analyzing impact of Administration social security reform proposal on women, including viewed negative effects on women of proposed replacement of part of social security with private savings accounts. Investing Social Security Funds in the Stock Market: Some Economic Considerations, Apr. 12, 2005, 19 pp. Examines economic consequences of proposal to invest social security funds in the stock market. Discusses risk and investment return for stocks and bonds, prospects for mandatory personal individual accounts, possible impact on equity markets when the aging population retires, and other policy considerations. Includes graphs and tables. Economic Policy Brief: The Negative Impact of Private Accounts on Federal Debt, Social Security Solvency, and the Economy, Apr. 2005, 2 pp. Democratic staff report criticizing Administration proposal to reform social security by diverting a portion of the payroll tax into worker self-directed personal savings accounts, citing negative impact of proposal on public debt and social security funding.

3 Estimated Social Security Benefit Levels Under President Bush's 2005 Individual Accounts Proposal Combined with a Proposal to Price-Index Social Security Benefits, Mar. 31, 2005, 13 pp. Describes Bush Administration 2005 social security individual accounts (IA) proposal; and explains price-indexing of social security benefits to alter formula for determining the social security primary insurance amount to reduce the growth in future social security benefits. Provides estimates of social security benefits under IA proposal when combined with priceindexed benefits. Privatization Slashes Benefits and Adds Trillions to Social Security's Long-Term Cost, Bush Administration Exaggerates Social Security's Financial Problem, Dec. 2004, 4 pp. Democratic staff report criticizing Administration proposal to reform social security by diverting a portion of the payroll tax into worker self-directed personal savings accounts. Social Security Reform: Effect on Benefits and the Federal Budget of Plans Proposed by the President's Commission to Strengthen Social Security, July 15, 2003, 99 pp. Examines President's Commission To Strengthen Social Security (Commission) proposals for social security system reform, including proposal to establish worker self-directed personal savings accounts financed with current payroll tax dollars. Discusses three Commission reform models, SSA benefit estimates, general issues regarding personal accounts, effect of reform models on Federal budget, and near-term v. long-term budget perspective. Includes tables and graphs. Social Security: What Happens to Future Benefit Levels Under Various Reform Options, Aug. 20, 2001, 80 pp. Explores Social Security reform by reviewing various conceptual elements of reform plans and presenting them in "generic" form to illustrate how certain changes would alter projected future retirement benefits. Examines several benefit-constraint options, including raising the age at which full Social Security retirement benefits can be received, changing the way initial benefits are computed, constraining cost-of-living adjustments, and using personal savings accounts as a supplement or partial replacement of the existing system. Discusses projected effects of expenditure constraint measures and personal account measures. Includes tables and graphs.

4 LexisNexis Congressional Hearings Digital Collection Sixth in a Series of Subcommittee Hearings on Protecting and Strengthening Social Security, June 16, 2005, 115 pp. Hearing before the Subcom on Social Security to examine social security and pension system reforms in foreign countries, and to assess potential application of privatization models and other reforms to the U.S. social security system. First in a Series of Subcommittee Hearings on Protecting and Strengthening Social Security, May 17, 2005, 141 pp. Hearing before the Subcom on Social Security to examine methods to strengthen and protect social security system, focusing on various proposals to revise current social security benefits structure to ensure continued program solvency (Subcom advisory, p. 2-3). Oversight Hearing on President Bush's Social Security Privatization Plan: Will You and Your Family Be Worse Off?, May 13, 2005, 36 pp. Hearing before the Democratic Policy Committee to examine Administration proposal to divert a portion of payroll taxes to create private social security accounts, including potential long-term impact of and risks associated with social security privatization plan. Hearing on Alternatives To Strengthen Social Security, May 12, 2005, 181 pp. Hearing to examine proposals to revise the social security benefits structure to ensure continued program solvency, including proposal to divert a portion of the payroll tax into worker selfdirected personal savings accounts, which could be used for investments and converted into annuities upon retirement (Committee advisory, p. 2-3). Social Security Reform: Successes and Lessons Learned, May 5, 2005, 142 pp. Hearing before the Subcom on Domestic and International Monetary Policy, Trade, and Technology to examine proposals to revise the social security benefits structure to ensure continued program solvency, including proposal to divert a portion of the payroll tax into worker self-directed personal savings accounts, which could be used for investments and converted into annuities upon retirement. Focuses on social security reforms in selected countries, and analysis of the Thrift Savings Plan (TSP), which enables Federal employees to make voluntary contributions of tax-deferred earnings to retirement savings and investment accounts. Strengthening Social Security: What Can Personal Retirement Accounts Do for Low-Income Workers?, June 15, 2004, 120 pp. Hearing to examine proposals to revise the social security benefits structure to ensure continued program solvency, focusing on impact on lower-income workers of proposals to divert a portion

5 of the payroll tax into worker self-directed personal savings accounts, which could be used for investments and converted into annuities upon retirement. LexisNexis Congressional Record Permanent Digital Collection Congressional Record Digital Collection, Jan. 24, Indexing: Budget of the U.S.: House Republicans Push Anew for Privatization of Social Security. LexisNexis Government Periodicals Index Impact of Response Error on Participation Rates and Contributions to Defined Contribution Pension Plans, Social Security Bulletin, Social Security Administration, 2010, Vol. 70:Iss. 01, pp Empirical Study of the Effects of Social Security Reforms on Benefit Claiming Behavior and Receipt Using Public-Use Administrative Microdata, Social Security Bulletin, Social Security Administration, 2009, Vol. 69:Iss. 03, pp Getting Your Finances Ready for Your Golden Years, FDIC Consumer News, Federal Deposit Insurance Corp., Spring, 2008, Vol. 77:Iss. 5, 10 pp. Evolution of Japanese Employer-Sponsored Retirement Plans, Social Security Bulletin, Social Security Administration, 2007, Vol. 67:Iss. 3, pp Comparing Replacement Rates Under Private and Federal Retirement Systems, Social Security Bulletin, Social Security Administration, 2003 / 2004, Vol. 65:Iss. 1, pp To find related publications or to expand your research in this area, try these subject headings and key words: Social Security Government privatization Retirement Employee benefit plans and pensions