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Justifying Public Provision of Social Security
Author(s) -
Kotlikoff Laurence J.
Publication year - 1987
Publication title -
journal of policy analysis and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.898
H-Index - 84
eISSN - 1520-6688
pISSN - 0276-8739
DOI - 10.2307/3323524
Subject(s) - social security , public economics , business , political science , economics , law
The enormous expansion of the Social Security system over the last four decades has left the government very heavily involved in determining the savings and insurance of American households. While the growth of Social Security has been very substantial, it has also been gradual; this may explain the lack of focused debate on the pros and cons of government intervention in private saving and insurance decisions. This paper discusses the rationale for government intervention in this area as well as the evidence supporting the need for such intervention. While arguing the case for government provision of Social Security, the paper also points out significant shortcomings in the current system and suggests several needed reforms.

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