Chapter

Introduction: An American Perspective

Martin Feldstein

in Social Security Pension Reform in Europe

Published by University of Chicago Press

Published in print January 2002 | ISBN: 9780226241081
Published online February 2013 | e-ISBN: 9780226241913 | DOI: http://dx.doi.org/10.7208/chicago/9780226241913.003.0001
Introduction: An American Perspective

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The provision of adequate retirement income and appropriate medical care for the aged is one of the biggest social problems faced by industrial countries. This chapter begins by presenting the reasons why the problem is generally more serious in Europe than in the United States. It then discusses the problem of developing an integrated labor market for Europe due to differences in social security systems among European countries; individual investment-based retirement accounts; and notional defined contribution systems.

Keywords: retirement income; medical care; Europe; United States; labor market; retirement accounts; defined contribution systems

Chapter.  3486 words. 

Subjects: Public Economics

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