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Wiley InterScience | |||
![]() The Economic JournalVolume 116 Issue 509, Pages F94 - F118 Published Online: 7 Feb 2006 Journal compilation © 2010 by the Royal Economic Society (Registered Charity No. 231508) Published on behalf of the Royal Economic Society
Abstract | References | Full Text: HTML, PDF (Size: 311K) | Related Articles | Citation Tracking Reforming Public Pensions in the US and the UK* * This is a longer version of a lecture given at the LSE on May 18, 2005. I have benefited from reading the report of the Pensions Commission and many papers from the Pensions Policy Institute and from comments from Tony Atkinson and Nick Barr. The material about the US has drawn heavily on my collaboration with Peter Orszag. Copyright 2006 Royal Economic Society ABSTRACTThis essay describes the current debate on reforming Social Security in the US, along with a brief description of how the programme works. Along the way it comments on the quality of some reform proposals as well as their political standing. Where issues are similar, some inferences are drawn for the UK. While the focus of this essay is the political debate, the debate and my analysis do draw on the academic literature, which is not surprising since academics have played a number of roles in the debate, making reform proposals, being on and staffing the commission appointed by President Bush, and working for the Bush administration. |