For each of the major aspects of the Social Security program (retirement insurance, survivors insurance, disability insurance)

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For each of the major aspects of the Social Security program (retirement insurance, survivors’ insurance, disability insurance) describe the market failures that gave rise to the program or that might be used to justify its continuation. Assume you were asked to design a program that was to address only one of the market failures. For as many market failures as you can, describe an alternative program to the present system and explain its advantages and disadvantages over the present one.

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Economics Of The Public Sector

ISBN: 9780393925227

4th Edition

Authors: Joseph E. Stiglitz, Jay K. Rosengard

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