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1 1 (1979)

handle is hein.amenin/aeiaaiq0001 and id is 1 raw text is: Financing Social Security, edited by Colin D. Campbell, contains papers and comments by leading authorities on the rising cost of the social security program. In Part One, William C. Hsiao explains how the future cost of the system could be held at current levels by indexing the benefit formula to prices rather than to wages. Lawrence H. Thompson presents the arguments for wage indexing the benefit formula, the technique adopted in the 1977 amendments to the Social Security Act. John L. Palmer, Dean R. Leimer, Michael R. Darby, and Robert J. Myers comment on the two papers. In Part Two, Martin S. Feldstein and Anthony Pellechio contrast the different ways in which price indexing and wage indexing affect calculations of social security wealth. Robert S. Kaplan describes the effect of the alternative indexing methods on the rate of return received by social security retirees. Robert J. Barro, Barry R. Chiswick, and Rudolph G. Penner provide the commentaries. In Part Three, June A. O'Neill examines the causes of the expected rise in the cost of the social security system and evaluates alternative solutions. Edgar K. Browning analyzes the indexing alternatives and other social security reforms in the context of public choice theory. James M. Buchanan, J. W. Van Gorkom, Alan N. Freiden, and Michael K. Taussig are the commentators. Part Four includes papers by Alicia H. Munnell and Dennis E. Logue, who conclude that the recent expansion in social security will reduce the demand for private pensions. Comments on these papers are made by Edwin F. Boynton, Norman B. Ture, and Thomas C. Edwards. Part Five consists of a Round Table, The Future of the Social Security System. The participants are James B. Cardwell, Barber B. Conable, Jr., Al Ullman, and W. Allen Wallis, and the moderator is John Charles Daly. $6.75 Also available in cloth, $13.75 ~T1 z 0 0 H -4.'.4 -4- cm - American Enterprise Institute for Public Policy Research 1W 1150 Seventeenth Street, N.W., Washington, D.C. 20036 ISBN 978-0-8447-2139-2 I1 ill1 H I11 9 780844 '721392 A Conference Sponsored by the American Enterprise Institute for Public Policy Research FINANCING SOCIAL SECURITY Edited by Colin D. Campbell o

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