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On the Pro-Social Security Rhetoric

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  • Rojhat B. Avsar

Abstract

We propose to reframe Social Security to offer a coherent anti-privatization rhetoric that has not been fully provided in the contemporary literature. The dissatisfaction that motivated this study centers on the observation that the prevalent anti-privatization rhetoric exposes the drawbacks of Private Retirement Accounts (PRAs), but this rhetoric itself doesn't satisfactorily explain why the current Social Security system is more desirable. In reframing Social Security, we will follow a two-stage strategy. First, we will articulate the desirability of Social Security grounded in the function it serves in a way PRAs are not suited for serving: being a social income insurance scheme whose provision inherently favors the least fortunate in a Rawlsian fashion. Second, we will concentrate how Social Security provides this non-market choice by drawing on the unique resources not entirely available to the market.

Suggested Citation

  • Rojhat B. Avsar, 2012. "On the Pro-Social Security Rhetoric," Forum for Social Economics, Taylor & Francis Journals, vol. 41(2-3), pages 187-205, July.
    • Handle: RePEc:taf:fosoec:v:41:y:2012:i:2-3:p:187-205
    DOI: 10.1007/s12143-010-9083-4
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    References listed on IDEAS

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    1. Feldstein, Martin & Liebman, Jeffrey B. (ed.), 2002. "The Distributional Aspects of Social Security and Social Security Reform," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226241067, September.
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    4. Martin S. Feldstein & Jeffrey B. Liebman, 2002. "Introduction to "The Distributional Aspects of Social Security and Social Security Reform"," NBER Chapters, in: The Distributional Aspects of Social Security and Social Security Reform, pages 1-10, National Bureau of Economic Research, Inc.
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    7. Sergio Cesaratto, 2005. "Pension Reform and Economic Theory," Books, Edward Elgar Publishing, number 2081.
    8. ., 2005. "The Economy and the Morality of Social Security Reform," Chapters, in: Economy and Morality, chapter 7, Edward Elgar Publishing.
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    Cited by:

    1. Paolo Ramazzotti, 2014. "Technocratic Consensus, Institutional Change and Questionable Ends. Remarks on Italy's Economic Policy," Working Papers 77-2014, Macerata University, Department of Finance and Economic Sciences, revised Dec 2015.

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