The Dark Side of Choice: When Choice Impairs Social Welfare

Botti, Simona; Iyengar, Sheena S.
May 2006
Journal of Public Policy & Marketing;Spring2006, Vol. 25 Issue 1, p24
Academic Journal
The article highlights the costs and benefits of creating choice and discusses how much choice policy makers, employers, and retailers should give to the consumer and in what form it should be given. Choice in terms of goods and services use has been suggested as a way to improve social welfare, but it can also have a detrimental effect. The article gives examples of the United States government's attempts to regulate social welfare through choice, including President George W. Bush's suggesting that young Americans rely on voluntary personal retirement accounts rather than social security.


Related Articles

  • Can Economic Growth Save Social Security? Adler, Moshe // Challenge (05775132);Sep/Oct2001, Vol. 44 Issue 5, p88 

    This article presents information on the relationship between economic growth and social security in the U.S. President George W. Bush's tax cut has generated an interesting wrinkle, with those in favor of the cut caught in a dilemma. If social security is in such severe straits that it must be...

  • Eyes on the future. Barone, Michael // U.S. News & World Report;1/24/2005, Vol. 138 Issue 3, p36 

    Comments on the efforts of President George W. Bush and others to make long-term changes that will impact America for the next few decades. Example of the proposed reforms on tax cuts which the president feels would hold down government's share of the gross domestic product; Social Security...

  • AARP poll shows very little support for private accounts.  // Accounting Today;2/21/2005, Vol. 19 Issue 4, p18 

    Reveals a lack of public support to the plan of U.S President George W. Bush to allow investors to divert their Social Security taxes into private accounts in 2005, according to a survey conducted by the American Association of Retired Persons. Percentage of respondents who supported the...

  • The Politics of Entitlement Reform. Klein, Philip // American Spectator;Nov2006, Vol. 39 Issue 9, p54 

    The article discusses United States President George W. Bush's attempts to reform the country's Social Security system. While it is doubtful that Bush will be able to launch reforms that even his fellow Republicans did not support, recent events point to a renewed push for entitlement reform...

  • The Myth of Reform: Tougher Is Better. Morales, Cecilio // America;3/28/2005, Vol. 192 Issue 11, p14 

    Opposes the welfare reform proposal of U.S. President George W. Bush. Details on the mechanics of the Bush administration's proposal; Arguments against the proposal of the Bush administration; Discussion on the problem of reforming the country's welfare system for the poor; Illustration on the...

  • THE SOCIAL SECURITY QUESTION. Barack, Lauren // Financial Planning;Apr2005, Vol. 35 Issue 4, p76 

    Examines the impact of the social security privatization proposed by President George W. Bush on the services of financial planners in the U.S. Benefits of the proposal for fee-based Nadler Financial Services in New York; Forecast on the ratio of payer to payee in the Social Security system by...

  • Bush Urges Private Social Security Accounts.  // Human Events;12/20/2004, Vol. 60 Issue 43, p4 

    Focuses on the plan of U.S. President George W. Bush regarding social security reform that includes personally owned retirement accounts in the U.S. in 2004. Way of funding the retirement account; Principles of Bush concerning social security reform; Significance of personally owned retirement...

  • Cracking the Nest Egg. Kosterlitz, Julie // National Journal;4/23/2005, Vol. 37 Issue 17, p1212 

    Discusses the risks, complications and trade-offs of the privatization of social security. Reinvestment risk faced by pensioners in Chile, Great Britain and Argentina on the payout phase of their private account systems; Significance of the payout phase in finances of retirees; Approach of the...

  • Remarks in a Discussion on Strengthening Social Security in Little Rock, Arkansas. Bush, George W. // Weekly Compilation of Presidential Documents;2/7/2005, Vol. 41 Issue 5, p162 

    Presents a speech by U.S. President George W. Bush, delivered in Little Rock, Arkansas, February 4, 2005. Percentage decline in unemployment rate in the U.S.; Design of the social security program; Placement of payroll taxes into a personal retirement account.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics