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US Pension Reform
Lessons from Other Countries
List Price: £24.95
Availability: Available for immediate despatch
- Book details for US Pension Reform
- Martin Neil Baily (author), Jacob Funk Kirkegaard (author)
- Paperback, 226 x 150 x 30mm , 384 pp, graphs, charts, index
- 15 Feb 2009
- The Peterson Institute for International Economics
- 0881324256
- 9780881324259
It is generally accepted that Social Security must be reformed, but there is little agreement on what should be done to reform the program. "US Pension Reform: Lessons from Other Countries" looks at the social pension reforms of twelve other countries, assesses the current US Social Security program, and evaluates how these twelve models inform opportunities for adaptation of the current system. The authors consider governments' current fiscal balances in order to contextualize countries' initial financial liabilities and pension program infrastructure.The book concludes with an integrated reform proposal for Social Security. These prescriptions suggest concrete plans to address issues such as underfunding, benefits for high-income participants and the elderly demographic segment, as well as the creation of an individual account program. This volume forges significant advances and boldly confronts the challenge of reconstructing the US Social Security program.
Martin Neil Baily was chairman of the Council of Economic Advisers during the Clinton administration (1999-2001) and one of three members of the council from 1994 to 1996. His book Transforming the European Economy won a 2005 Choice Oustanding Academic Title award. He was a senior fellow at the Peterson Institute (2001-2007) and is currently a senior fellow at the Brookings Institution. Baily was a principal at McKinsey & Company's Global Institute (1996-99) and has been a senior adviser to McKinsey since 2002. He joined the board of The Phoenix Companies, Inc. in 2005 and is an academic adviser to the Congressional Budget Office and associate editor of the Journal of Economic Perspectives. Jacob Funk Kirkegaard has been a research associate at the Institute since 2002. Before joining the Institute, he worked with the Danish Ministry of Defense, the United Nations in Iraq, and in the private financial sector. He is a graduate of the Danish Army's Special School of Intelligence and Linguistics with the rank of first lieutenant; the University of Aarhus in Aarhus, Denmark; and Columbia University in New York. He is the coauthor of Transforming the European Economy (2004) and assisted with Accelerating the Globalization of America: The Role for Information Technology (2006).
