Books by John B. Shoven

Social security reform in the United States continues to be a contentious issue, with advocates proposing a centralized or privatized system of personal accounts. This volume provides an analysis of the issues involved in the administration of just such a system.

The two papers that make up the core of this book address a fundamental question in the current debate over Social Security, whether to shift, in part or entirely, from today's pay-as-you-go system to one in which individuals retain control over the investment of their funds and therefore personally bear the associated risk. John Shoven argues yes, Henry Aaron no.