Risk aspects of investment-based social security reform
Risk aspects of investment-based social security reform [electronic resource] /
edited by John Y. Campbell and Martin Feldstein.
- University of Chicago Press, 2001.
- 1 online resource (xi, 496 p.) : ill.
- National Bureau of Economic Research conference report .
- Conference report (National Bureau of Economic Research) .
Papers presented at a NBER conference held in Islamorala, Florida, January, 1999.
Includes bibliographical references and indexes.
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.
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. One involves "prefunding," in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce--such as the volatility in the market prices of investment a.
9780226092560 (electronic bk.) 0226092569 (electronic bk.)
Social security--Finance--United States--Congresses.
Social security--United States--Congresses.
Privatization--United States--Congresses.
Privatization.
Social security.
Sécurité sociale--Finances--États-Unis--Congrès.
Sécurité sociale--États-Unis--Congrès.
Privatisation--États-Unis--Congrès.
POLITICAL SCIENCE--Public Policy--Social Security.
Sociale zekerheid.
Hervormingen.
Privatisering.
Investeringen.
Risicoanalyse.
Pensioen.
სოციალური უზრუნველყოფა აშშ კონფერენციები
Electronic books.
HD7125 / .R57 2001eb
368.4/3/00973
36(73)(063)
Papers presented at a NBER conference held in Islamorala, Florida, January, 1999.
Includes bibliographical references and indexes.
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.
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. One involves "prefunding," in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce--such as the volatility in the market prices of investment a.
9780226092560 (electronic bk.) 0226092569 (electronic bk.)
Social security--Finance--United States--Congresses.
Social security--United States--Congresses.
Privatization--United States--Congresses.
Privatization.
Social security.
Sécurité sociale--Finances--États-Unis--Congrès.
Sécurité sociale--États-Unis--Congrès.
Privatisation--États-Unis--Congrès.
POLITICAL SCIENCE--Public Policy--Social Security.
Sociale zekerheid.
Hervormingen.
Privatisering.
Investeringen.
Risicoanalyse.
Pensioen.
სოციალური უზრუნველყოფა აშშ კონფერენციები
Electronic books.
HD7125 / .R57 2001eb
368.4/3/00973
36(73)(063)