Senior Fellow of Programs at the Century Foundation
Con to the question "Should Social Security Be Privatized?"
"Addressing Social Security's potential long-term financing challenges by taking the dramatic step of diverting its payroll taxes to create new personal accounts would represent a radical departure; it also would be a bad idea...
Current Social Security insurance protections have served the country well for decades. Diluting those protections in exchange for new accounts poses all kinds of new risks while making the relatively manageable long-term challenges confronting Social Security far more immediate and severe."
Cowritten with Greg Anrig, "Twelve Reasons Why Privatizing Social Security Is a Bad Idea," www.socsec.org, Dec. 14, 2004
Experts Individuals with PhDs, JDs, or equivalent advanced degrees in fields relevant to the privatization of Social Security; and top-level federal government officials significantly involved in Social Security and related issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
Senior Fellow of Programs, Century Foundation
Chief Economist, Globalist Research Center
Former Staff Member, Economics Department, University of British Columbia (Canada)
Former Staff Member, Economics Department, University of Nairobi (Kenya)
Former Associate Professor, Economics Department, New York University
Former DAAD (Deutscher Akademischer Austausch Dienst) Fellow, Free University of Berlin (Germany)
Former Research Department Staff, Federal Reserve Bank of New York
Former Program Officer, Ford Foundation
Former Member, Committee to Study Puerto Rico's Finances (Puerto Rico)
Former Member, Harvard Institute for International Development (Bangladesh)
Has participated in two World Bank missions to Kenya and two to Mongolia, the second of these as mission leader