Privatizing Social Security *

@inproceedings{Cooley1999PrivatizingSS,
  title={Privatizing Social Security *},
  author={Thomas F. Cooley and T J},
  year={1999}
}
This paper studies the political sustainability of the existing pay-as-you-go Social Security system in the face of recent demographic patterns. We analyze different approaches to privatizing the system and consider what it would require for them to be politically implementable. The analysis is based on an overlapping-generations economy where an initial generation would choose to implement a pay-asyou-go social insurance system. We study the sustainability of this system in each subsequent… CONTINUE READING
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