Will Voluntary Personal Accounts Save Social Security?
About This Event
On December 21, 2001, the President’s Commission to Strengthen Social Security issued a report that outlines three possible solutions to the long-term financial imbalance of the Social Security system. Each proposal includes a system of voluntary personal accounts. At this seminar, Peter Diamond, a professor of economics at the Massachusetts Institute of Technology, will critique the report. Diamond argues that personal accounts are not necessary to shore up the finances of the Social Security system and, in fact, would be detrimental. Olivia S. Mitchell--a professor of insurance and risk management in the Wharton School at the University of Pennsylvania and a member of the Social Security commission--and AEI economist Eric M. Engen will respond and will provide some of their own views on reforming Social Security.
Agenda
9:00 a.m. Registration
9:15 Introduction: Kevin A. Hassett, AEI
Speaker: Peter Diamond, Massachusetts Institute of Technology
Panelists: Olivia S. Mitchell, University of Pennsylvania
Eric M. Engen, AEI
11:00 Adjournment
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AEI Participants

 

Kevin A.
Hassett
  • Kevin A. Hassett is the State Farm James Q. Wilson Chair in American Politics and Culture at the American Enterprise Institute (AEI). He is also a resident scholar and AEI's director of economic policy studies.



    Before joining AEI, Hassett was a senior economist at the Board of Governors of the Federal Reserve System and an associate professor of economics and finance at Columbia (University) Business School. He served as a policy consultant to the US Department of the Treasury during the George H. W. Bush and Bill Clinton administrations.

    Hassett has also been an economic adviser to presidential candidates since 2000, when he became the chief economic adviser to Senator John McCain during that year's presidential primaries. He served as an economic adviser to the George W. Bush 2004 presidential campaign, a senior economic adviser to the McCain 2008 presidential campaign, and an economic adviser to the Mitt Romney 2012 presidential campaign.

    Hassett is the author or editor of many books, among them "Rethinking Competitiveness" (2012), "Toward Fundamental Tax Reform" (2005), "Bubbleology: The New Science of Stock Market Winners and Losers" (2002), and "Inequality and Tax Policy" (2001). He is also a columnist for National Review and has written for Bloomberg.

    Hassett frequently appears on Bloomberg radio and TV, CNBC, CNN, Fox News Channel, NPR, and "PBS NewsHour," among others. He is also often quoted by, and his opinion pieces have been published in, the Los Angeles Times, The New York Times, The Wall Street Journal, and The Washington Post.

    Hassett has a Ph.D. in economics from the University of Pennsylvania and a B.A. in economics from Swarthmore College.

  • Phone: 202-862-7157
    Email: khassett@aei.org
  • Assistant Info

    Name: Emma Bennett
    Phone: 202-862-5862
    Email: emma.bennett@aei.org
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