The transition from communism in Eastern Europe and the former Soviet Union (EEFSU) can
be analyzed in terms of four basic tasks of economic reform. The first is systemic …

This paper discusses a study analyzing aging populations and public pension schemes. An
aging society is characterized by a growing proportion of the retired to the active working …

A key question for Social Security reform is whether workers respond to the link on the
margin between the Social Security taxes they pay and the Social Security benefits they will …

There is now substantial experience around the world with partial or complete shifts from
government pension systems to private funded plans. Although there are important common …

Social security system old-age insurance systems are devices for the sharing of income risks
of elderly people with others. Risks can be shared intergenerationally (with the young of the …

This paper uses a new version of the Auerbach–Kotlikoff model to consider alternative ways
to privatize the US Social Security System. The new model incorporates intra-and …

A funded social security retirement program would imply a larger capital stock and a higher
level of real income than an unfunded program that provides the same level of benefits. The …

This paper describes the growth of public spending in industrial countries over the past
century. It identifies several periods: the periods between 1870 and 1913; the period …

This paper identifies the key economic issues that must be addressed in the debate over a
privatized social security system. We examine a two-pillar plan. The first pillar would consist …