Summary

Supporters of government programs often look for ways to incorporate pet transfers into an existing system. Health and disability concerns may suggest some social insurance, but a private market that is sufficiently broad could accomplish this. Integration of many programs under one umbrella creates distortions. Forced saving is the main goal of social security and it can be served well by private accounts.

Recommended Citation

Lazear, Edward P. (2005) "Lazear Responds to "Why the Annuity of Social Security is Valuable and Why Despite the Annuity Feature African-Americans Do Not Fare Badly," by Jack Needleman," The Economists' Voice: Vol. 2 : Iss. 1, Article 12.
DOI: 10.2202/1553-3832.1093
Available at: http://www.bepress.com/ev/vol2/iss1/art12