Risk aspects of investment-based social security reform / edited by John Y. Campbell and Martin Feldstein.
Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options....
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Full Text (via ProQuest) |
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| Other Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
Chicago :
University of Chicago Press,
2001.
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| Series: | Conference report (National Bureau of Economic Research)
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| Subjects: |
Table of Contents:
- Asset allocation and risk allocation: can Social Security improve its future solvency problem by investing in private securities?
- The transition to investment-based social security when portfolio returns and capital profitability are uncertain
- The effect of pay-when-needed benefit guarantees on the impact of Social Security privatization
- Can market and voting institutions generate optimal intergenerational risk sharing?
- The Social Security Trust Fund, the riskless interest rate, and capital accumulation
- Social Security and demographic uncertainty: the risk-sharing properties of alternative policies
- The risk of Social Security benefit-rule changes: some international evidence
- Financial engineering and Social Security reform
- The role of real annuities and indexed bonds in an individual accounts retirement program
- The role of international investment in a privatized social security system
- Investing retirement wealth: a life-cycle model.