Social security reform is a hot topic in many countries -- one which leads to much debate (and some widespread agreement) among economists. In this book, Peter Diamond explores social security policy, social security and the labour market, and social security and the capital market from an economic point of view.

Social Security Reform (The Lindahl Lectures)

Business & Money

Diamond, Peter A.

Economics

Oxford University Press

This book presents the second in the renewed Wicksell Lecture Series, sponsored by the Swedish Economic Association. In it, Peter A. Diamond discusses search equilibrium as a framework for integrating micro and macroeconomics. He first presents a formal model which addresses the difficulty and cost of coordinating trade (finding a trade partner) and notes the impact of costly trade coordination on production decisions. He then relates the model to the existing literature, and discusses micro data supporting a search approach.  Diamond incorporates the real-world fact that, contrary to the assumption of classical markets, the resource allocation process takes time and is hard to coordinate, and he argues that this fact is important for developing a sound theoretical basis for macroeconomic policy. Rather than being a rival theory, he argues that search equilibrium provides a promising basis for thinking about price and wage stickiness. Moreover, unlike standard rational expectations competitive models, Diamond's search model identifies multiple natural rates of unemployment, offering the potential for good and effective policy.

A Search-Equilibrium Approach to the Micro Foundations of Macroeconomics (Wicksell Lectures) (Wiksell Lectures)

Mit Pr

In this book, Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The focus is on the degree of progressivity desirable in social security and the design of incentives to delay retirement beyond the earliest age of eligibility for benefits. Before analyzing these models, Diamond presents introductions to optimal income tax theory and the theory of incomplete markets. He incorporates recent theoretical developments such as time-inconsistent preferences into his analyses and shows that distorting taxes and a measure of progressivity in benefits are desirable. Diamond also discusses social security reform, with a focus on Germany.

Taxation, Incomplete Markets, and Social Security (Munich Lectures)

Issues in Privatizing Social Security: Report of an Expert Panel of the National Academy of Social Insurance

Review This book will be cited and quoted for many years to come as social security reform is debated in the United States and in many other countries. Its level and style make it accessible to all participants in, and students of, the social security reform debate, whatever their background. (Laurence S. Seidman, Department of Economics, University of Deleware) Product Description Two types of changes to Social Security have been proposed. One would keep the current defined-benefit structure but build and maintain a larger trust fund, to be partially invested in stocks and corporate bonds. The other would set up individual funded accounts, also to be partially invested in private markets. Both would raise taxes or lower benefits in the near term to increase funds for paying future benefits.This study addresses many important aspects of these politically charged proposals. The questions discussed include: Should Social Security have more advance funding? Should Social Security funds be invested in the stock market? If investments are organized by the government, what independent institutions would shield portfolio decisions and corporate governance from political pressures? If investments are privately organized, what would be the regulatory structure? Finally, should Social Security include individual defined-contribution accounts or stay with traditional defined benefits? The National Academy of Social Insurance is a nonprofit, nonpartisan organization whose mission is to conduct research on and enhance public understanding of social insurance, to develop new leaders, and to provide a forum for the exchange of ideas on issues related to social insurance. About the Author Peter Diamond is John and Jennie S. McDonald Professor of Economics at MIT. He received the 2010 Nobel Prize in Economics.

Issues in Privatizing Social Security (MIT Press): Report of an Expert Panel of the National Academy of Social Insurance

The MIT Press

In this book, Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The focus is on the degree of progressivity desirable in social security and the design of incentives to delay retirement beyond the earliest age of eligibility for benefits. Before analyzing these models, Diamond presents introductions to optimal income tax theory and the theory of incomplete markets. He incorporates recent theoretical developments such as time-inconsistent preferences into his analyses and shows that distorting taxes and a measure of progressivity in benefits are desirable. Diamond also discusses social security reform, with a focus on Germany.

Taxation, Incomplete Markets, and Social Security (Munich Lectures in Economics)

MIT Press]

These two lectures explore how time is modeled in theoretical analyses of individual industries and of the entire economy. The atemporal Marshallian model is contrasted with an explicit time model with uncertainty about costs at the firm level. The book also examines data on job creation and job destruction; price setting behavior in monopolistic competition and costly search models; data on price changes; and both cyclical and seasonal data on the entire economy. With a focus on the command over purchasing power, the Arrow-Debreu and Hicksian ISLM models are compared with a number of explicit time models.

On Time: Lectures on Models of Equilibrium (Churchill Lectures in Economics)

Cambridge University Press

These two lectures explore how time is modeled in theoretical analyses of individual industries and of the entire economy. The atemporal Marshallian model is contrasted with an explicit time model with uncertainty about costs at the firm level. The book also examines data on job creation and job destruction; price setting behavior in monopolistic competition and costly search models; data on price changes; and both cyclical and seasonal data on the entire economy. With a focus on the command over purchasing power, the Arrow-Debreu and Hicksian ISLM models are compared with a number of explicit time models.

New in Paperback. While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. Since the publication of the first edition of this book in 2004, the Social Security debate has moved to the center of the domestic policy agenda. In this updated edition of Saving Social Security, the authors analyze the Bush Administration's proposal for individual accounts and discuss the so-called "price indexing" proposal to restore long-term solvency through changing how initial benefits would be calculated. Soc ial Security is essis essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives. "An honest, transparent and comprehensive approach to making the much needed reforms to the Social Security program."—Journal of Pensions, Economics, and Finance
 "Very accessible presentation of facts, analysis of underlying problems, comparison of opinions, and argument for proposed reforms."—Future Survey Exhaustively researched and deeply entrenched in practical issues and mathematical calculations... a highly recommended ray of hope against a looming national crisis." —Wisconsin Bookwatch "Diamond and Orszag bring some welcome realism and decency to the debate."—Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology, Nobel Laureate in Economics

Saving Social Security: A Balanced Approach

Orszag, Peter R.

Brookings Institution Press

While everyone agrees that Social Security is a vital and necessary government program, there have been widely divergent plans for reforming it. Peter A. Diamond and Peter R. Orszag, two of the nation's foremost economists, propose a reform plan that would rescue the program both from its projected financial problems and from those who would destroy the program in order to save it. vi ng Social Security's's strategy balances benefit and revenue adjustments, following the precedent set by the last major Social Security reform in the early 1980s. The authors' proposal restores long-term balance and sustainable solvency to the program without imposing additional burdens on the rest of the budget. Further, it protects disability and young survivor benefits and strengthens Social Security's protections for low earners and widows. Most important, the plan preserves the program's core social insurance role by providing a base-level of assured income to American workers and their families in time of need. To better understand the accomplishments and financial problems of Social Security, Diamond and Orszag provide background on the program, as well as on the causes of the long-term deficit. They suggest ways in which various alternative reform plans should be evaluated and explain the shortcomings of proposals to replace part of Social Security with individual accounts. Saving Social Security is essential reading for policymakers involved in reform, analysts, students, and all those interested in the fate of this safeguard of American lives.

See the best price to sell, buy, or rent books by Diamond, Peter A.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Diamond, Peter A.

See the best price to sell, buy, or rent books by Diamond, Peter A.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Social Security Reform (The Lindahl Lectures)

A Search-Equilibrium Approach to the Micro Foundations of Macroeconomics (Wicksell Lectures) (Wiksell Lectures)

Taxation, Incomplete Markets, and Social Security (Munich Lectures)

Issues in Privatizing Social Security (MIT Press): Report of an Expert Panel of the National Academy of Social Insurance

Taxation, Incomplete Markets, and Social Security (Munich Lectures in Economics)

On Time: Lectures on Models of Equilibrium (Churchill Lectures in Economics)

On Time: Lectures on Models of Equilibrium (Churchill Lectures in Economics)

Saving Social Security: A Balanced Approach

Saving Social Security: A Balanced Approach