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Wiley InterScience

Risk Management and Insurance Review

Risk Management and Insurance Review

Volume 9 Issue 1, Pages 9 - 35

Published Online: 8 Mar 2006

© 2009 The American Risk and Insurance Association



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Invited Article
The Public Pension Reform Debate in the United States and International Experience
Peter A. Diamond 1
  1 Peter A. Diamond is an Institute Professor and Professor of Economics at the Massachusetts Institute of Technology; e-mail: pdiamond@mit.edu.

This article is a modified version of the presentation made to the World Risk and Insurance Economics Congress (WRIEC) in Salt Lake City, UT on August 10, 2005.

Copyright 2006 The American Risk and Insurance Association

ABSTRACT

This article describes the recent debate on Social Security in the United States. To provide some perspectives on the U.S. system, comparisons with public pension systems in other countries are made throughout the article. The article is organized as follows. The first section discusses financing problems in the U.S. Social Security system. Following this, the U.S. Social Security system is described. Options for fixing public pension systems are discussed next. The topic of individual accounts appears in its own section.


DIGITAL OBJECT IDENTIFIER (DOI)
10.1111/j.1540-6296.2006.00081.x About DOI

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