Proposals to Restructure Social Security
讨论了五种社会保障改革方案，包括将正常退休年龄与预期寿命挂钩、信托基金投资私人证券、部分私有化、个人强制储蓄以及雇主提供退休储蓄，并分析了恢复精算平衡的经济与政治因素。
This paper discusses five proposed changes in Social Security: indexing the normal retirement age to life expectancy (as Sweden is doing); investing part of the trust funds in private securities; partial privatization (as has been proposed by Senators Kerrey and Simpson, Sweden is doing and Mexico has done); replacing Social Security by individually mandated savings (as was done in Chile in 1981); and mandating employer provided retirement savings (as recently legislated in Australia and is effectively the case in some European countries.) The economics of Social Security and the politics of restoring (and preserving) actuarial balance are discussed.