Is There a Positive Incentive Effect from Privatizing Social Security

Download or read book Is There a Positive Incentive Effect from Privatizing Social Security written by Truman Packard and published by World Bank Publications. This book was released on 2001 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introducing individual retirement accounts has a positive incentive effect that increases the share of the economically active population contributing to the reformed pension system. But this effect occurs only gradually as employers and workers become familiar with the new set of social insurance institutions put in place by reform.