|September 15, 1997||
Press Contact: William Harms|
University of Chicago and Federal Reserve Bank of Chicago to Hold Major Conference on Social Security on September 26
The University of Chicago and the Federal Reserve Bank of Chicago are co-sponsoring a conference, Funding Americas Retirement: Policy Choices and Consequences, to be held Friday, September 26, beginning at 8:30 a.m. at the Federal Reserve Bank of Chicago Conference Center, 230 S. LaSalle Street.
Leading economists from the United States and Latin America, all associated with the University of Chicago, will speak at the conference. It is open to the media and invited business leaders. Closing remarks will be delivered by Michael Moskow, President of the Federal Reserve Bank of Chicago.
The conference comes at a critical time as the proportion of retirees in the United States rises, putting stress on the retirement system, said José Scheinkman, Chairman of the Universitys Department of Economics.
This conference will focus on proposed policies, many of which may have unforeseen consequences for the business environment, he said. Taxes, labor costs, equity values and interest rates could all be affected by government actions aimed at supporting the retiring population. The conference will offer findings from recent research and lessons from related policy changes in Latin America that will be of strategic value to Americas business leaders.
David Rockefeller, Chairman, Rockefeller Center Properties, Inc. Trust, who holds a Ph.D. in economics from the University, will open the session.
Thomas Sargent, David Rockefeller Professor of Economics at the University, will talk about Dimensions of the Social Security Crises.
Lessons from Latin America, will be discussed by Roque Fernández, Minister of the Economy and Public Works and Services for Argentina, and Carola Pessino, Under Secretary of Fiscal Equity in Argentina. Both received Ph.D.s in economics from the University.
Casey Mulligan, Assistant Professor of Economics at the University, will talk about Policy Alternatives for the U.S.
Funding retirement will be explored further during a roundtable discussion led by James Heckman, the Henry Schultz Distinguished Service Professor of Economics at the University. Panelists are Nobel Prize winner Gary Becker, University Professor of Economics at the University; Steven Levitt, Assistant Professor of Economics at the University; Austan Goolsbee, Assistant Professor at the Universitys Graduate School of Business; and Herminio Blanco Mendoza, Secretary of Commerce and Industrial Development for Mexico. Blanco received a Ph.D. in economics from the University.
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