“Should Social Security and Medicare Be More Market-Based?”

Monday, March 04, 2013
Max L. Rowe Auditorium, College of Law Building
12:00 PM–1:00 PM

The University of Illinois College of Law Presents the Ann F. Baum Memorial Lecture on Elder Law.

Daniel Shaviro
Wayne Perry Professor of Taxation
New York University School of Law

Talk Description

Contemporary political debate about Social Security and Medicare often conflates the issue of the programs’ long-term fiscal sustainability with that of whether their design should be made more market-based, such as by transforming Social Security into a private accounts program and Medicare into a voucher-based program. In fact, the sustainability and design issues are fundamentally separate.

In his lecture, Professor Shaviro will assess the case for making the programs more market-based by using two main vehicles: (1) the model for understanding the programs’ main substantive features and rationales that offered in his books, Making Sense of Social Security Reform and Who Should Pay for Medicare?, and (2) Paul Samuelson’s classic description of Social Security as providing what we would now call an implicit financial instrument that reflects an intergenerational compact. 


Daniel Shaviro, the Wayne Perry Professor of Taxation at NYU Law School, is a graduate of Princeton University and Yale Law School. Before entering law teaching, he worked at Caplin & Drysdale, a leading tax specialty firm, and at the Joint Congressional Committee on Taxation. Shaviro began his teaching career at the University of Chicago Law School in 1987, and he joined the New York University School of Law in 1995. Shaviro’s scholarly work examines tax policy, budget policy, and entitlements issues.

His books include Decoding the U.S. Corporate Tax (Urban Institute Press, 2009), Taxes, Spending, and the U.S. Government’s March Toward Bankruptcy (Cambridge U. Press, 2006), Making Sense of Social Security Reform (U. Chicago Press, 2000), When Rules Change: An Economic and Political Analysis of Transition Relief and Retroactivity (U. Chicago Press, 2000), Do Deficits Matter? (U. Chicago Press, 1997). He is currently working on a book entitled Fixing the U.S. International Tax Rules. In addition to his scholarly work, Shaviro has published a novel, Getting It (iUniverse 2010), and he has a blog at danshaviro.blogspot.com.


Free Admission
Public Welcome 
Box lunches provided to attendees