Who Wants to Privatize Social Security? Understanding Why the Poor are Wary of Private Accounts

13 Pages Posted: 1 Apr 2004

See all articles by Dan Devroye

Dan Devroye

affiliation not provided to SSRN

Abstract

The poor are less likely than others to support the privatization of Social Security. What accounts for this income-based difference in public opinion? This article uses a new survey to explore attitudes toward privatization. The poor tend to believe the government will manage Social Security responsibly, expect they will rely on Social Security as a primary source of income, and prefer to keep their money in the current system rather than save or invest it. Together, these expectations and beliefs explain much of the income gap in support of privatization.

Keywords: Social Security, privatization, income inequality, public opinion, survey research

JEL Classification: H55

Suggested Citation

Devroye, Dan, Who Wants to Privatize Social Security? Understanding Why the Poor are Wary of Private Accounts. Available at SSRN: https://ssrn.com/abstract=523004

Dan Devroye (Contact Author)

affiliation not provided to SSRN

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
129
Abstract Views
1,050
rank
275,547
PlumX Metrics