Call Boomerang Books 1300 36 33 32

Get Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - Funding Social Security by Laurence S. Seidman

A serious consideration of the debate on social security reform that is taking place in many countries around the world. Professor Seidman advocates the concept of 'funded social security' as a middle position between pay-as-you-go (PAYGO) social security and privatized social security, and constitutes a politically strategic alternative. His analysis covers two distinct components, fund accumulation and portfolio diversification. The concept of funded social security uses a mix of payroll taxes and portfolio investment income to finance benefits. With funded social security, the government contracts with private investment firms to manage the portfolio of the social security trust fund. It is entirely a defined-benefit plan without any individual defined-contribution accounts; each retiree's benefit is linked by a legislated formula to the retiree's own wage history. The benefit is an annuity - an annual benefit that continues as long as the retiree (or spouse) lives - and is automatically adjusted annually for inflation.

Buy Funding Social Security by Laurence S. Seidman from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521652452
ISBN-10: 0521652456
Format: Hardback
(228mm x 152mm x 16mm)
Pages: 200
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 13-Apr-1999
Country of Publication: United Kingdom

Book Reviews - Funding Social Security by Laurence S. Seidman

» Have you read this book? We'd like to know what you think about it - write a review about Funding Social Security book by Laurence S. Seidman and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Books By Laurence S. Seidman

Economic Parables and Policies by Laurence S. Seidman
Paperback, February 2004
Automatic Fiscal Policies to Combat Recessions by Laurence S. Seidman
Paperback, February 2003