National Academy of Social Insurance - Framing the Social Security Debate: Values, Politics, and Economics (Conference of the National Academy of Social Insurance)

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title	:	Framing the Social Security Debate : Values, Politics, and Economics
author	:	Arnold, R. Douglas
publisher	:	Brookings Institution Press
isbn10 | asin	:	0815701535
print isbn13	:	9780815701538
ebook isbn13	:	9780585034157
language	:	English
subject	Social security--United States--Congresses.
publication date	:	1998
lcc	:	HD7125.F73 1998eb
ddc	:	368.4/3/00973
subject	:	Social security--United States--Congresses.

Framing the Social Security Debate Values, Politics, and Economics R. Douglas Arnold Michael J. Graetz Alicia H. Munnell Editors National Academy of Social Insurance Washington, D. C.

Copyright 1998 NATIONAL ACADEMY OF SOCIAL INSURANCE 1776 Massachusetts Ave. N.W. Washington, D.C. 20036 Framing the Social Security Debate: Values, Politics, and Economics may be ordered from: BROOKINGS INSTITUTION PRESS 1775 Massachusetts Ave. N.W. Washington, D.C. 20036 Tel: 1-800-275-1447 (202) 797-6258 Fax: (202) 797-6004 Internet: www.brook.edu All rights reserved. No part of this publication may be reproduced or transmitted in any means without written permission from the Brookings Institution Press. Library of Congress Cataloging-in-Publication data Framing the social security debate: values, politics, and economics / R. Douglas Arnold, Michael J. Graetz, and Alicia H. Munnell, editors. p. cm. Papers presented at the tenth annual conference of the National Academy of Social Insurance, held in Washington, D.C., on Jan. 29, 1998. Includes bibliographical references. ISBN 0-8157-0153-5 (pbk.) 1. Social securityUnited StatesCongresses. I. Arnold R. Douglas, 1950- II. Graetz, Michael J. III. Munnell, Alicia Haydock. IV. National Academy of Social Insurance (U.S.). Conference (10th: 1998: Washington, D.C.) HD7125.F73 1998 368.4'3'00973ddc2198-25429 CIP 9 8 7 6 5 4 3 2 1 The paper used in this publication meets the minimum requirements of the American National Standard for Information SciencesPermanence of Paper for Printed Library Materials, ANSI Z39.48-1984 Typeset in Times Roman Composition by R. Lynn Rivenbark, Macon, Georgia Printed by R. R. Donnelley & Sons, Harrisonburg, Virginia

National Academy Of Social Insurance The National Academy of Social Insurance is a non-profit, nonpartisan organization made up of the nation's leading experts on social insurance. Its mission is to conduct research and enhance public understanding of social insurance, to develop new leaders and to provide a nonpartisan forum for exchange of ideas on important issues in the field of social insurance. Social insurance, both in the United States and abroad, encompasses broad-based systems for insuring workers and their families against economic insecurity caused by loss of income from work and protecting individuals against the cost of personal health care services. The Academy's research covers social insurance systems, such as Social Security, Medicare, workers' compensation and unemployment insurance, and related social assistance and private employee benefits. Board of Directors Henry J. Aaron, Chair John L. Palmer, President Janice Gregory, Vice President Lawrence Thompson, Secretary Nathan J. Stark, Treasurer Peter A. Diamond Bill Gradison Robert Greenstein William B. Harman William C. Hsaio Karen Ignagni Charles A. Jones Jerry Mashaw Olivia Mitchell Marilyn Moon Gerald M. Shea Bruce C. Vladeck Honorary Advisors Nancy Kassebaum Baker Lloyd Bentsen John H. Biggs John Chafee Linda Chavez-Thompson Teresa Heinz Roger Joslin Lane Kirkland Beth Kobliner Daniel Patrick Moynihan Robert J. Myers Paul O'Neill Elaine Rosen Standford G. Ross Alexander Trowbridge Founding Chair Robert M. Ball

Page vii Preface TIMELY REFORM of Social Security is important. It is the cornerstone of retirement security for American workers and their families; for more than two decades Social Security has provided more than half of the total income for two-thirds of elderly beneficiaries. This volume consists of papers and commentary from the tenth annual conference of the National Academy of Social Insurance, which was held in Washington, D.C., on January 2930, 1998. The purpose of the conference was not to come up with policy prescriptions for Social Security but rather to clarify the nature of the debate. People's views about how to restore financial balance to Social Security reflect a combination of economic assessments, political predictions, and value judgments. When these three dimensions are combined, it is difficult to have a productive dialogue. Once separated, however, people with very different policy preferences can identify the sources of their disagreements.

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