Testimony Administrative Aspects of Individual Accounts or The Devil is in the Details and He Could Spear You
Testimony before the House Budget Committee
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Many advocates of individual social security accounts implicitly assume that an acceptable strategy can be developed for implementing their plan. International experience suggests that this is a dangerous assumption. No country has yet successfully implemented individual accounts in a way likely to be acceptable in the U.S. Supporters of individual accounts need to pay more attention to administrative details if they want to avoid another catastrophic health fiasco.
Research Areas Economic mobility and inequality Aging and retirement
Tags Social Security