Should the United States Privatize Social Security?

By Henry J. Aaron; John B. Shoven et al. | Go to book overview
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Index
Accounts, 69
contributions to, 21-22
individual, 35, 41-42, 107
Administrative costs, 15, 18-19, 109-110nn4, 5, 129, 158
and partial privatization, 82-83
of privatization, 76-81
of Social Security, 75-76, 99
Advisory Council on Social Security, 3, 25
Age structure: changes in, 7-12, 91-92
AIME. See Average indexed monthly earnings
Annuities, annuitization, 74-75, 79, 137
benefits and, 41, 47
risk and, 66-67
Assets: growth of, 149-150
Australia, 163
Austria, 117
Average indexed monthly earnings (AIME), 20-21, 32-33, 34, 37
Averaging period, 94
Baby boomers, viii
and age structure, 9-12
Balanced Budget Act (1997), 89
Belgium, 82
Benefits, 3, 5, 15, 19, 43, 47, 61
age eligibility and, 91-92, 110n6
and CPI, 90-91
defined, 36-37, 41, 51n1, 136-137
defined-contribution plans and, 140-141
drawing, vii-viii
earnings and, 20-21
income tax and, 94-95
maintaining, 25, 32
privatization and, 126-127
replacement rates and, 64-65
restructuring, 33-34
Social Security, 81-82
spousal, 92-93
in two-tier plans, 36-37
and unfunded liability, 56-57
to wage ratio, 148-149
BLS. See Bureau of Labor Statistics
Bonds, 27, 35, 65
Budget, 167
offsets in, 105-106
surpluses in, viii, 133
Bureau of Labor Statistics (BLS), 91
Burtless, Gary, 63

-173-

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